Stripe and Advent offer $53B to acquire PayPal: Report
Stripe and Advent International have reportedly submitted a joint offer to buy PayPal for more than $53 billion, according to reports citing people familiar with the matter. The stripe advent offer 53b bid values PayPal at $60.50 per share—a roughly 28% premium over Tuesday's closing price—and is said to include about $50 billion in committed bank financing.
The reported proposal marks one of the most closely watched takeover attempts in payments this year. Payments company Stripe and private equity firm Advent International would jointly acquire PayPal Holdings under the terms described by sources, though neither PayPal nor Stripe commented when asked by reporters.
Key Takeaways
- Stripe and Advent reportedly offered $60.50 per share for PayPal, valuing the company above $53 billion.
- The bid represents roughly a 28% premium to PayPal's Tuesday closing price and includes about $50 billion in committed financing.
- PayPal shares rose 11.3% to $52.73 in Wednesday premarket trading following the reports.
- Sources said the offer follows an earlier approach in April and that no deal is guaranteed.
- Both PayPal and Stripe declined to comment on the reported bid.
What did Stripe and Advent offer for PayPal?
According to reports published Wednesday and citing sources familiar with the matter, Stripe and Advent International made a joint offer to acquire PayPal Holdings at $60.50 per share. That price would value PayPal at more than $53 billion and represents around a 28% premium compared to the company's Tuesday closing price.
The offer was reportedly submitted earlier in July and is backed by approximately $50 billion in committed financing from banks, sources told Reuters. CoinTelegraph and other outlets flagged the story as a developing report rather than a confirmed transaction.
Why does a PayPal acquisition matter for fintech?
A combined Stripe-Advent ownership of PayPal would reshape the global payments landscape. Stripe has built one of the largest online checkout businesses, while PayPal remains a household name with decades of consumer trust and merchant reach.
The reported bid follows what sources described as Stripe's second attempt to acquire PayPal. According to a February Bloomberg report cited by CoinTelegraph, Stripe held early acquisition talks with PayPal as the company faced rising competition from smartphone-based payment services such as Google Pay and Apple Pay.
For readers tracking broader industry moves, see our Fintech & Crypto Alerts coverage for related developments.
How did PayPal's stock react to the takeover report?
PayPal's stock rose 11.3% to $52.73 in Wednesday premarket trading, according to Yahoo Finance data cited in reports. The shares were up about 14% over the past month but remained down roughly 35% over the past year ahead of the bid news.
Market reaction reflects investor interest in the $60.50 offer price, which sits well above recent trading levels even after the premarket jump.
Could Stripe and Advent actually close the deal?
There is no certainty the reported approach will lead to a transaction. Sources told Reuters that Stripe and Advent had not received a response from PayPal and were seeking to advance discussions in the coming weeks.
Both PayPal and Stripe declined to comment when contacted by reporters. For the original reporting, see coverage from CoinTelegraph, which summarized the Reuters-sourced details.
Until PayPal's board responds publicly, the $53 billion proposal remains an unconfirmed report—significant for markets, but not yet a done deal.