PayPal: Stripe and Advent International plan acquisition, insiders say

According to Reuters, payment processor Stripe and private equity investor Advent International are seeking a joint acquisition of PayPal. According to sources familiar with the matter, the consortium is offering $60.50 per share, which corresponds to a total valuation of over $53 billion and a premium of 28% over the recent closing price. With the CEO change and restructuring plan, PayPal aims to save around $1.5 billion and regain its competitive edge. As a pioneer of the late 1990s, PayPal (PYPL) operates a global online payment system...