Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said.The offer, submitted earlier this month, is backed by about $50 billion in committed financing from banks, the people said, and represents around a 28% premium to PayPal's closing share price on Tuesday.Also read: Payments processor Stripe expresses interest in PayPalThe people declined to be named as the deal discussions are confidential. Advent declined to comment, while PayPal and Stripe did not immediately respond to requests for comment.
Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
Payments firm Stripe and Advent International have jointly offered to buy PayPal. Their offer values the company at over fifty-three billion dollars. This proposal includes about fifty billion dollars in committed bank financing. The offer represents a twenty-eight percent premium to PayPal's recent share price. Discussions regarding this potential acquisition are currently confidential.
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