Stripe, Advent make $53.4B takeover offer for PayPal

Stripe and Advent International have jointly offered to acquire PayPal for $53.4 billion, with a $60.50 per share cash offer. The deal includes $17 billion in equity from Stripe and Advent, $50 billion in committed bank financing, and a 28% premium to PayPal's recent share price. PayPal's board is expected to meet on July 20 to discuss the offer, which comes as the company navigates a turnaround under new CEO Enrique Lores.