PayPal shares rise 16% after Stripe and Advent make $53B takeover bid
PayPal shares jumped after reports that payments company Stripe and private equity firm Advent International had made an offer to acquire the company. Stripe and Advent jointly offered to pay $60.50 per PayPal share. The acquisition values PayPal at more than $53 billion. PayPal shares rose 16% after reports that Stripe and Advent made a … Read more