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Stripe, Advent make $53 billion takeover offer for PayPal, sending stock soaring
CNBC Television· 2026-07-15 21:00
But what we know now, Kelly, is that sources are telling CNBC that the offer values PayPal in more than $53 billion as of Tuesday's close. That represented a 28% premium, but that gap is narrowing this morning with shares surging as much as 20%. Our David Faber reporting that Stripe, Advent, and Jack Dorsey's Block would contribute $17 billion in equity with roughly $50 billion in committed bank financing backing the bid.The plan here is to take PayPal private with Stripe and Advent then holding equal stake ...
PayPal shares soar following takeover report
CNBC Television· 2026-07-15 18:39
Welcome back. PayPal shares are soaring on a takeover report by Stripe along with PE firm Advent International. McKenzie Scallows has more in today's Tech Check.And Mac, I guess some shareholders are worried that Stripe and the private equity firm get all the upside and they're going to be left with just what was it $60 a share. Something like that. >> $60.50%.And and that is a question going into that shareholder meeting that is apparently or the board meeting rather that's apparently coming up on the 20th ...