BUSINESSJul 15 · 09:29 UTCCNBC TOP

PayPal jumps 16% in premarket on report of Stripe, Advent $53 billion takeover offer

Stripe and Advent International have reportedly made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, valuing the payments company at over $53 billion. PayPal's stock rose 16% in premarket trading following the report.

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