Stripe And Advent Make $53 Billion Bid For PayPal
Deals·2 articles across 2 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion. The offer was submitted earlier this month and is backed by roughly $50 billion in committed bank financing.
Shares in PayPal surged significantly in pre-market trading, jumping 19 percent following the news of the bid. This marks a record boost for PayPal's stock, which has been struggling in recent times, as the company has been reluctant to engage with the offer thus far.
StripeAdvent InternationalPayPal
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Shares in New York-listed group jump 19 per cent in pre-market trading after offer from payments start-up and buyout firm”
FT — Stripe and Advent make $53bn bid for PayPal“Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion.”
TechCrunch — Stripe and Advent reportedly offered to buy PayPal for around $53.4B“Shares of PayPal, the struggling payments processor, were having their best day ever on Wednesday, after the release of a report that rival Stripe is teaming up with private-equity group Advent International on a bid.”
MarketWatch — PayPal's battered stock is getting a record boost from a report of buyout interest“PayPal surged on a report that Stripe and private equity firm Advent are working on a $53 billion takeover offer for the digital payments company.”
IBD — PayPal Surges Amid Stripe, Private Equity Takeover Report. Lowball Offer?“Shares in PayPal Holdings (Nasdaq: PYPL) are skyrocketing in premarket trading this morning after a report that the legacy digital payments platform has received a joint buyout offer from one of today’s most successful fintech companies and a major private equity firm.”
fast company — PayPal stock is skyrocketing after Stripe and a private equity firm reportedly made a buyout offer“The bid, made together with Advent, follows an earlier expression of interest.”
coindesk — Stripe mounts blockbuster $53 billion bid to buy PayPal
Earlier versions
- Jul 15, 2:35 PM — Stripe And Advent Make $53bn Bid For PayPal (3/3)