Overview
- The joint proposal from Stripe and private equity firm Advent values PayPal at more than $53 billion and was reported on Wednesday as being backed by roughly $50 billion in committed bank financing.
- PayPal had not publicly engaged with the approach when reports surfaced and its shares jumped about 15–16% in premarket trading on the news.
- Under the plan Stripe and Advent would take equal 50/50 ownership and operate PayPal as a single company rather than break it up.
- The bid follows months of outreach and comes while new CEO Enrique Lores is executing a turnaround that split PayPal into checkout, consumer/Venmo, and payments-and-crypto units.
- The offer is non-binding and faces board consideration, potential competing bids, and detailed regulatory and antitrust review that could determine the fate of PayPal’s consumer business and its PYUSD stablecoin.