Shares in PayPal Holdings (Nasdaq: PYPL) are skyrocketing in premarket trading this morning after a report that the legacy digital payments platform has received a joint buyout offer from one of today's most successful fintech companies and a major private equity firm. Here's what you need to know.
Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said.
PayPal (NASDAQ:PYPL | PYPL Price Prediction) stock is up 19% to $56.60 in early Wednesday trading following a reported joint takeover offer from Stripe and private-equity firm Advent International valued at more than $53 billion, or $60.50 per share.
PayPal (NASDAQ: PYPL) stock is soaring in premarket trading on July 15 after reports revealed that payments company Stripe and private equity giant Advent International have submitted a joint proposal to acquire the fintech firm in a deal valued at more than $53 billion.
PayPal (PYPL) remains a Strong Buy, with current valuation offering a significant margin of safety and substantial re-rating potential amid ongoing turnaround efforts. The reported $53B buyout offer from Stripe and Advent, at $60.50/share, is seen as undervaluing PYPL's true long-term potential and financial strength. PYPL's Q1 results showed robust 11% TPV growth, 25% adjusted FCF growth, and strong buybacks, supported by a solid balance sheet and $6.98B in cash.
Stripe and Advent International have jointly offered to acquire PayPal (PYPL) for $60.50 per share, a 28% premium to its last close. Verizon (VZ) is reportedly planning another round of layoffs.
PayPal Holdings Inc (NASDAQ:PYPL) shares surged 16% in pre-market trading after reports that payments company Stripe and private equity firm Advent International had made a joint $53 billion takeover approach for the US payments group. According to Reuters, Stripe and Advent have offered US$60.50 a share, representing a 28% premium to PayPal's closing share price on Tuesday.
PayPal shares climbed in premarket trade on reports that payments start-up Stripe and private equity group Advent International jointly offered to buy the company.
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.
PayPal's stock surged in premarket trading after reports emerged that Stripe and Advent International had offered to acquire the company for over $53 billion. The offer, valued at $60.50 per share, represents roughly a 28% premium over PayPal's most recent closing price.
PayPal introduced another buy now, pay later (BNPL) option for its customers in the United Kingdom, according to a Tuesday (July 14) press release. Pay in 30 Days lets shoppers complete a purchase up front and pay the full amount up to 30 days later, the release said.
PYPL faces a tougher Q2 after a solid Q1, with slower branded checkout trends testing whether it can meet guidance and sustain investor confidence.