Stripe, in collaboration with Advent, has made a bid of over $53 billion to acquire PayPal

According to a report by Reuters, payment company Stripe, in conjunction with private equity firm Advent International, has made a takeover offer to PayPal Holdings (PYPL.O), offering $60.5 per share, with a total valuation of over $53 billion, representing a premium of about 28% over PayPal's closing price on Tuesday. The offer has received approximately $50 billion in bank commitment financing support, with both parties intending to hold 50% equity each, without splitting the company.

The acquisition proposal was submitted earlier this month, following preliminary contact between the two parties in early April. No response has yet been received from PayPal, and Stripe and Advent hope to reach an agreement by the end of the month. There remains uncertainty as to whether the deal will ultimately be finalized.