economy
Stripe and Advent make $53bn bid for PayPal
Shares in New York-listed group jump 19 per cent in pre-market trading after offer from payments start-up and buyout firm
TL;DR
- PayPal is reportedly facing a $53 billion takeover bid.
- The potential acquirers are identified as Stripe and Advent.
- PayPal's stock rose 19% in pre-market trading after the offer became known.