Stripe and Advent offer $60.50 a share for PayPal, valuing it above $53 billion

Reuters reported that payments company Stripe and buyout firm Advent International made a joint, unsolicited offer of $60.50 per PayPal share. The bid valued PayPal at more than $53 billion, about a 28% premium to the prior close, and would leave the two bidders as equal joint owners. The reported plan was backed by about $50 billion of committed bank financing.

• Offer price $60.50 per share, a premium of roughly 28% to the prior close
• Valuation above $53 billion; about $50 billion of committed bank financing
• Stripe and Advent would jointly own PayPal in equal stakes
• PayPal had not responded and declined to comment