By Steve Goldstein and Hannah Pedone
Rival Stripe and private-equity firm Advent have reportedly teamed up to bid for PayPal, but some investors say the bid should be higher
PayPal has reportedly become the target of Stripe and Advent International.
Shares of PayPal, the struggling payments processor, were having their best day ever on Wednesday, after the release of a report that rival Stripe is teaming up with private-equity group Advent International on a bid.
Reuters, citing two people described as familiar with the situation, said the companies are offering $60.50 per PayPal share (PYPL), valuing the target at over $53 billion.
