PayPal Shares Rise More Than 15 Percent After Reports of $53 Billion Offer

A consortium led by Stripe and Advent International proposed the acquisition, according to accounts citing two people familiar with the matter, while the board later said the price fell short of the company's value.

PayPal shares rose more than 15 percent in trading on July 15 after reports surfaced of a $53 billion acquisition proposal from a group led by Stripe and Advent International. The Financial Times broke the news that day, attributing the details to two people familiar with the matter. The proposed deal values the company at more than $53 billion.

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