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Advent partners with Stripe in $53bn-plus PayPal bid

privateequitywire

4 weeks ago

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Private equity firm Advent International has teamed up with payments platform Stripe to make a joint offer to acquire PayPal in a transaction valuing the digital payments company at more than $53bn, according to a report by Reuters.
The report cites unnamed people familiar with the matter as saying that the consortium has offered $60.50 per share for PayPal, representing a premium of around 28% to the company’s recent closing share price. According to the sources, the proposal, submitted earlier...

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