Get all your news in one place.
100's of premium titles.
One app.
Start reading
MarketBeat
MarketBeat
Jeffrey Neal Johnson

PayPal Stock Surges on $53 Billion Stripe-Advent Buyout Bid

Private equity is moving to scoop up a beaten-down payments company before the market reprices it higher. Stripe and Advent International launched a joint $53 billion acquisition proposal for PayPal Holdings Inc. (NASDAQ: PYPL).

The bid is structured as a 50/50 joint venture backed by $50 billion in committed bank financing, valuing PayPal at $60.50 per share.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.