Stripe and Advent have made a $53 billion acquisition offer for PayPal, proposing equal control of the company between the two firms. The deal would combine two of the most widely used payment platforms in online commerce, creating a combined entity that processes approximately $3.7 trillion in transactions annually.
PayPal's stock price surged nearly 17% following the announcement. However, there is no guarantee the acquisition will be completed, according to reporting from Reuters.
