Stripe and Advent offer $60.50 a share for PayPal, valuing it above $53bn

Stripe and Advent International have jointly offered $60.50 per share in cash to acquire PayPal, valuing the company at over $53 billion. The bid, backed by $50 billion in financing, proposes to keep PayPal intact without breaking it up. This offer comes amid PayPal's recent leadership changes and efforts to restructure and integrate AI for operational savings.