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PayPal jumps 15% in premarket on report of Stripe, Advent $53 billion takeover offer

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Samuel Boivin | Nurphoto | Getty Images PayPal jumped in premarket trading Wednesday after Stripe and Advent International reportedly made a joint offer to acquire the payments firm in a $53 billion deal. Payments firm Stripe and private equity company Advent are planning to buy PayPal for $60.50 per share, Reuters reported Wednesday, citing two people familiar with the matter. The deal would value the payments company at more than $53 billion.

Samuel Boivin | Nurphoto | Getty Images PayPal jumped in premarket trading Wednesday after Stripe and Advent International reportedly made a joint offer to acquire the payments firm in a $53 billion deal. Payments firm Stripe and private equity company Advent are planning to buy PayPal for $60.50 per share, Reuters reported Wednesday, citing two people familiar with the matter. The deal would value the payments company at more than $53 billion. This is a breaking news story. Please refresh for updates.
PayPal (ORG) Stripe, Advent $53 billion (ORG) Samuel Boivin (PERSON) Getty Images PayPal (ORG) Stripe and Advent International (ORG) Stripe (ORG) Advent (ORG)
Originally published by CNBC Read original →