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The Economic Times
The Economic Times
Akash Podishetti

PayPal shares jump over 15% after Stripe, Advent make $53 billion buyout offer

PayPal Stripe Advent Advent International

PayPal shares rose about 15% in premarket trading after Reuters reported that payments company Stripe and private equity firm Advent International have made a joint offer to buy the company for more than $53 billion.

The offer values PayPal at $60.50 per share, according to the Reuters report, which cited two people familiar with the matter. The price is about 28% higher than PayPal’s closing share price on Tuesday.

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