PayPal (PYPL) Stock; Slides as Stripe and Advent Launch $53 Billion Buyout Bid

Stripe and Advent have reportedly offered $53 billion to acquire PayPal, valuing the company at $60.50 per share. The proposal includes approximately $50 billion in committed financing and would give both buyers equal ownership stakes. The takeover attempt comes as PayPal faces slowing branded checkout growth and mounting competitive pressure.