Stripe and Advent Make $53 Billion Joint Bid to Acquire PayPal

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Payments giant Stripe, in partnership with private equity firm Advent, has submitted a $53 billion offer to acquire PayPal. This latest move follows an earlier expression of interest that had been made by the two parties. PayPal has so far shown reluctance to engage with or respond positively to the takeover approach. If completed, the deal would represent one of the largest acquisitions in the fintech sector.

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