R24
NewsAgency
Hourly news
EU-Banned Surveillance Tech Finds a Second Life in IndiaStripe and Advent mount $53 billion bid for PayPalDBS Targets Trillion-Dollar Wealth Milestone by 2030Warren Buffett Ends Philanthropic Ties to Gates FoundationKuroda's 2016 negative rate pivot fractured the Bank of JapanForeign investors pour $132 billion into U.S. marketsEU-Banned Surveillance Tech Finds a Second Life in IndiaStripe and Advent mount $53 billion bid for PayPalDBS Targets Trillion-Dollar Wealth Milestone by 2030Warren Buffett Ends Philanthropic Ties to Gates FoundationKuroda's 2016 negative rate pivot fractured the Bank of JapanForeign investors pour $132 billion into U.S. markets
Business

Stripe and Advent mount $53 billion bid for PayPal

Stripe has teamed up with private equity firm Advent International to launch a joint $53 billion takeover bid for PayPal Holdings Inc. The unsolicited offer, which surfaced earlier this month, proposes a purchase price of $60.50 per share, marking a 28% premium over the company’s recent closing valuation.

Today, 06:30Business Person682 views
Stripe and Advent mount $53 billion bid for PayPal

The consortium has secured approximately $50 billion in committed financing from banks to back the acquisition. If successful, the deal would result in a joint ownership structure, with Stripe and Advent holding equal stakes in the payments giant rather than pursuing a breakup of its existing business units.

This proposal follows an initial, unsuccessful approach made by the pair in early April. Representatives for the bidders are reportedly pushing for a resolution by the end of July, though PayPal has yet to provide a formal response to the overture. Neither PayPal nor Stripe provided comment on the status of the confidential discussions, and there is no guarantee that these negotiations will culminate in a finalized transaction.

Comments

Comments (0)

Leave a comment

No comments yet. Be the first!