Stripe and Advent have reportedly bid $60.50 a share for PayPal as talks advance, according to the Wall Street Journal.
Stripe and Advent have submitted a bid of $60.50 a share for PayPal, according to a Wall Street Journal report. The report indicates that talks between the parties are advancing.
The potential deal values PayPal at a premium to its recent trading levels, though no further details of the offer or timeline have been confirmed.
Why this matters: A successful deal would represent one of the largest private equity-led takeovers in the payments sector this year.
What this means for you: Shareholders of PayPal could see a cash offer of $60.50 per share if the reported deal proceeds.
Join thousands of readers getting the best of British news straight to their inbox.