PayPal shares soar as Stripe and Advent International reportedly propose a $53 billion acquisition, marking a major M&A offer in the payments sector.

Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion. Reuters reports that the offer was submitted earlier this month and is backed by roughly $50 billion in committed bank financing.

By Milana Vinn July 14 - Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion,

Stripe and Advent International have reportedly made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion.

A man faces a frustrating problem when two fraudulent charges for sports tickets totaling $1,855 hit his PayPal account.

Stripe and Advent International offer $53 billion to acquire PayPal, sending shares soaring amid expectations of a major fintech merger.

PayPal Holdings, Inc. is rated a Hold and faces stagnant organic growth as active account numbers remain flat. Learn more about PYPL stock here.