Stripe and Advent International have reportedly offered $60.50 per share to acquire PayPal, valuing the payments company at more than $53 billion. The proposed deal, backed by about $50 billion in committed bank financing, would see Stripe and Advent each hold a 50% ownership stake if completed. PayPal shares surged about 15% following the report. The parties are seeking to advance discussions, though there is no certainty a transaction will be completed.
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