Stripe, Advent Offer to Buy PayPal For More Than $53 Billion

Stripe and private equity firm Advent International have reportedly made a joint $60.50-per-share offer to buy PayPal, valuing the payments company at more than $53 billion. The bid is said to represent a 28% premium to PayPal's latest closing price and is backed by roughly $50 billion in committed bank financing. Read more of this story at Slashdot.