PayPal Rises More Than 15% Premarket, Stripe and Advent Jointly Propose Over $53 Billion Acquisition Offer
TradingKey - On July 14, ET, Reuters reported, citing sources familiar with the matter, that payments processor Stripe and private equity firm Advent International have jointly submitted a takeover bid to PayPal (PYPL) at $60.50 per share, valuing the payments pioneer at over $53 billion. Boosted by the news, PayPal shares surged in pre-market trading on July 15, rising more than 15% as of press time.
TradingKeyWed, Jul 15