Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Wajeeh Khan

The $53 Billion Reason PayPal Stock Is Up Today

PayPal (PYPL) shares are ripping higher on Wednesday following reports of takeover interest from rival fintech giant Stripe and private equity firm Advent International.

According to Reuters, the digital payments pioneer has received a joint $53 billion buyout proposal that values its shares at $60.5 each, representing a 28% premium over their previous close.

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.