Woofun AI reports that payment processor Stripe and private equity firm Advent International have jointly submitted an acquisition proposal for PayPal Holdings. The bid values the company at over $53 billion, offering $60.5 per share, which represents a 28% premium over Tuesday's closing price.

The transaction is backed by approximately $50 billion in committed bank financing, with both acquirers planning to hold equal 50% equity stakes without splitting the entity. Submitted earlier this month following initial contacts in early April, the proposal awaits a response from PayPal, with the parties aiming to finalize an agreement by month-end.