PayPal jumps 15% in premarket trading on reports Stripe, Advent are weighing $53 billion takeover

PayPal jumped in premarket trading Wednesday after Stripe and Advent International reportedly made a joint offer to acquire the payments firm in a $53 billion deal.

Payments firm Stripe and private equity company Advent are planning to buy PayPal for $60.50 per share, Reuters reported Wednesday, citing two people familiar with the matter. The deal would value the payments company at more than $53 billion.

PayPal was last trading 15% higher in premarket trading.

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