TechFlow reports, July 16, according to CoinDesk, payment giant Stripe, jointly with private equity firm Advent International, has proposed to acquire PayPal for $53 billion, with an offer of $60.50 per share, representing a premium of approximately 28% over PayPal's Tuesday closing price of $47.37.
Following the announcement of the offer, PayPal's stock price rose over 18% to $56.10 in pre-market trading. Although Stripe had previously expressed acquisition interest, PayPal remains unwilling to engage regarding this offer. Both Stripe and PayPal are mainstream financial institutions promoting the integration of stablecoins into traditional payment systems.
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