Stripe and Advent International jointly bid $53.4B to acquire PayPal

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Payments giant Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal for approximately $53.4 billion. The offer was submitted earlier this month, according to a Reuters report. The proposed deal is backed by around $50 billion in committed bank financing. If the acquisition proceeds, Stripe and Advent would jointly own PayPal.

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