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Barchart
Barchart
Aanchal Sugandh

Stripe Wants to Buy PayPal. How You Should Play PYPL Stock Right Now.

PayPal PYPL Stripe Owen Lau Advent Apple Braintree Venmo

Privately held Stripe has decided to swing for the fences with its boldest play yet in digital payments. Reuters reported that the fintech heavyweight joined forces with private equity firm Advent International to submit an offer worth more than $53 billion to acquire PayPal Holdings (PYPL).

The proposal values PayPal at $60.50 per share, placing the offer roughly 28% above Tuesday, July 14's closing price. Stripe and Advent plan to jointly own PayPal under the proposal, with each taking an equal stake rather than carving up the business. People familiar with the matter also cautioned that nothing guarantees the discussions will lead to a completed deal.

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