PayPal shares surged after a reported $53 billion buyout offer from Stripe and Advent International, valuing the company at a premium. The proposal comes amid slowing growth and rising competition, positioning PayPal at the centre of a potential major fintech deal as investors await further developments.

July 14 - 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…

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…

Joint offer values the payments giant at $60.50 a share, a 28% premium to its latest closing price.