PayPal shares jumped in premarket after reports that Stripe and Advent International bid to buy the company for over $53B, valuing it at $60.50 per share. The offer implies a ~28% premium to PayPal’s last closing price, which is likely to drive a near-term rerating as deal odds increase.
PayPal shares jumped in premarket after reports that Stripe and Advent International bid to buy the company for over $53B, valuing it at $60.50 per share. The offer implies a ~28% premium to PayPal’s last closing price, which is likely to drive a near-term rerating as deal odds increase.
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strongly positive
Sentiment Score
0.70
Ticker Sentiment
