Stripe and private equity firm Advent have made a joint bid for Paypal. The shares are trading at $56 in the pre market. I do not see any specific terms for this deal - all cash or cash/stock blend. Stock would be strange given that Stripe is private, of course. Assuming this is all cash. Stripe could use this deal to go public potentially but I don't think that is in the cards.
Paypal is a recurring discussion in this subreddit. In another life, I had a lot of experience in M&A arbitrage in public markets. It is my immediate reaction that the $60 will have to rise for this deal to get full stockholder enthusiasm. The shares were $91 a year ago but there is no way this offer gets close to that level. An increase of 10-15% would be normal, getting the offer into the high $60s.
Many long term owners (and Michael Burry is already saying this) will argue that this is a lowball offer. However, PYPL has been struggling for a long time. Stripe is a great company.
This is probably the best prospect for PYPL shareholders to see the stock in the $60s. If I was a shareholder today (I have been been but not now), I would vote for this deal at $65 or better.