Stripe and Advent seek to acquire PayPal in a $53B deal
#Stripe and private equity firm #AdventInternational have reportedly made a joint bid of over $53B to acquire #PayPal . Reuters reported that Stripe and Advent offered $60.50 per PayPal share, representing a 28% premium over Tuesday’s closing price. Around $50B in bank financing has reportedly been secured to support the proposed acquisition. Under the proposal, Stripe and Advent would take equal ownership of PayPal, keeping the company intact while integrating PayPal’s PYUSD stablecoin and payments network into Stripe.
BNB Chain completes its 36th quarterly $BNB token burn
#BNBChain completes its 36th quarterly $BNB token burn, permanently removing 1,615,827.795 $BNB from circulation, equivalent to approximately $931.70M. The remaining total supply is 133,166,127.91 $BNB. BNB Chain commits to burning $BNB each quarter until 50% of the total $BNB supply, approximately 100,000,000 $BNB, is removed from circulation.