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PayPal surges in premarket on reported $60.50 per share takeover bid
The reported offer would value PayPal at more than $53 billion, according to CNBC Markets.
PayPal shares rose about 15% in premarket trading after CNBC Markets reported that Stripe and Advent International have made a joint takeover offer.
The companies are reportedly proposing $60.50 per share for PayPal, a bid that would value the payments company at more than $53 billion.
CNBC World carried the same report, citing the alleged per-share price and the total implied valuation.
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