PayPal Shares Jump After Joint $60.50-per-Share Offer From Stripe and Advent
PayPal shares surged in pre-market trading after reports that Stripe and Advent International submitted a joint $60.50-per-share offer that values the payments company at more than $53 billion. The proposal, backed by about $50 billion in committed bank financing and structured for joint ownership rather than asset carve-up, triggered a strong mark…