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Stripe and Advent Offer $53B for PayPal
Stripe and private equity firm Advent International jointly offered $53 billion to acquire PayPal at $60.50 per share, a 28% premium over PayPal's Tuesday closing price. The bid includes about $50 billion in committed financing. PayPal's stock rose over 11% in premarket trading. PayPal has been reluctant to engage with the offer.
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