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PayPal stock jumps after reports Stripe, Advent are weighing $53 billion takeover
Samuel Boivin | Nurfoto | Getty Images
PayPal There was a surge in premarket trading on Wednesday after Stripe and Advent International made a joint bid to acquire the payments firm in a $53 billion deal.
Payments company Stripe and private equity firm Advent plan to acquire PayPal for $60.50 per share. Reuters reported Wednesday, citing two people familiar with the matter. The deal would value the payments company at more than $53 billion.
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