Stripe and Advent International Offer $60.50 per Share to Acquire PayPal in $53B+ Deal

PYPL-0.59%
According to Reuters, Stripe and Advent International made an unsolicited acquisition offer to PayPal on July 15 at $60.50 per share, valuing the company at over $53 billion and representing approximately 28% premium to its previous closing price. The proposal, submitted earlier this month, is backed by approximately $50 billion in committed bank financing. Under the proposed structure, Stripe and Advent would each hold 50% equity in PayPal without breaking up the company. The two parties initiated preliminary discussions in early April and are seeking to reach an agreement by month-end, though PayPal has not yet responded to the offer.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments