Payments start-up Stripe and private equity group Advent International have launched a joint bid to acquire New York-listed PayPal in a deal that would value the company at about $53bn.
Stripe, led by brothers Patrick and John Collison, made the offer of $60.50 a share this month, said two people familiar with the matter.
However, the price offered is a steep discount to the valuation at which PayPal traded just a year ago, and there are no signs PayPal has engaged with the offer, said the people.
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