Stripe mounts blockbuster $53 billion bid to buy PayPal
The bid, made together with Advent, follows an earlier expression of interest. PayPal has been reluctant to engage with the offer thus far.
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Summary
- Stripe offered to buy PayPal in a $53 billion deal alongside private equity firm Advent International.
- San Francisco-based Stripe made an offer of $60.50 a share, a 28% premium over PayPal’s most recent closing price.
- Stripe and PayPal are among the most prominent mainstream financial companies bringing stablecoins onto traditional payment rails.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
