Stripe and Advent Offer Over $53 Billion to Acquire PayPal in Joint Bid

Stripe and private equity firm Advent International have offered $60.50 per share for PayPal, valuing the company at more than $53 billion , according to Reuters citing people familiar with the matter. If accepted, the deal would merge two of the most popular online payment platforms into a single company, handling approximately $3.7 trillion in payments annually. The offer was made earlier this month and is backed by about $50 billion in committed financing from banks.