Financial technology company Stripe and private equity firm Advent International have reportedly submitted a joint takeover bid to acquire PayPal Holdings Inc. for more than $53 billion.

The offer submitted this month is supported by about $50 billion in committed bank financing. The offer represents around a 28% premium over PayPal’s closing share price on Tuesday.

According to sources, the proposal follows the initial approach made in April. Because Stripe and Advent have not yet received feedback from PayPal and they are seeking to advance dialogues in the coming weeks.

PayPal........

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