Lates News

According to two informed sources, payment company Stripe and private equity firm Advent International have jointly proposed to acquire Paypal (PYPL.O) at a price of $60.50 per share. This deal would value the payment company at over $53 billion. Sources said that the offer, which was submitted earlier this month, has received commitments for financing of around $50 billion from banks, representing a premium of around 28% over PayPal's closing price on Tuesday.