NewsHK
Consolidation pressure has been building across the global digital payments sector.
PayPal Holdings Inc surged 15% in premarket trading after reports emerged that Stripe and Advent International have jointly offered $60.50 per share for the company, a bid that would value it at more than $53 billion.
The reported offer Stripe and Advent International have reportedly tabled the joint approach at $60.50 a share, placing the total value of the transaction at more than $53 billion.
Whether either party has formally confirmed the bid, and where negotiations currently stand, is not clear from the available reporting.
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