STRIPE AND PRIVATE-EQUITY FIRM ADVENT OFFER TO BUY PAYPAL

Summary from the TLDR newsletter

Stripe and Advent International have made a joint takeover bid for PayPal. They proposed paying $60.50 a share for PayPal in a deal that values the fintech company at around $53 billion. PayPal was valued at around $42 billion as of Friday. The company is currently in the early stages of orchestrating a turnaround under a newly appointed chief executive. There are no guarantees that PayPal will be receptive to the offer, as it has previously peaked at more than $300 a share.