TechPitchBook Newsabout 3 hours ago
Stripe and Advent Bid $53.4B for PayPal
1 min read
Stripe and private equity firm Advent International have offered more than $53 billion to buy PayPal and take it private. The bidders would hold equal stakes and keep PayPal operating as one business. About $50 billion in bank commitments is already lined up. PayPal stock rose 17.2% in regular trading following the news.
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