PayPal soars on takeout offer

$PYPL is jumping after receiving a reported $60.50 per share takeout offer from Stripe and Advent International.
That kind of headline can quickly reprice a beaten-down stock.
The market is now focusing less on PayPal’s standalone growth concerns and more on possible acquisition value.
For $PYPL, the offer price becomes the new reference point.
The next move depends on whether buyers believe a deal can actually close or whether the stock fades if the bid loses momentum.