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00:02PayPal shares jumped 20.4% in Wednesday's pre-market trading after Stripe and Advent
00:08International reportedly submitted a joint $53 billion acquisition offer, according to CNBC.
00:14The company's offered $60.50 per share, a 28% premium to PayPal's Tuesday closing price with
00:21roughly $50 billion in committed bank financing. PayPal has not responded to the offer, which
00:27would give Stripe and Advent equal ownership stakes. Advent International declined to comment,
00:33while PayPal and Stripe did not immediately respond to CNBC's requests for comment.
00:37The firm's hope to advance talks in the coming weeks. PayPal shares have fallen 18% over the
00:43past year as the company faces growing payments competition and weak 2026 profit guidance.
00:49PayPal also replaced CEO Alex Criss with HP CEO Enrique Loras,
00:53as it invests heavily in another turnaround effort.
00:56For all things money, visit Benzinga.com.
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