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Stripe and Advent Offer $60.50 Per Share to Buy PayPal

Backed by about $50 billion in bank financing, the non‑binding proposal would pair Stripe’s merchant infrastructure with PayPal’s consumer products.

Overview

  • The joint bid was submitted earlier this month and first reported on Wednesday, proposing $60.50 per share and valuing PayPal at just over $53 billion.
  • Reporters say the offer represents roughly a 28% premium to PayPal’s recent close and is supported by about $50 billion in committed bank financing.
  • Under the proposal Stripe and Advent would each hold a 50% stake and would not break the company apart if the deal goes ahead.
  • PayPal, Stripe and Advent declined to comment and PayPal had not formally replied when the reports surfaced, while PayPal’s shares jumped about 15–16% in premarket trading.
  • The approach lands as PayPal works on a turnaround under new CEO Enrique Lores after years of slowing growth, and any transaction would face board negotiation, possible rival bids and intense regulatory review that could affect employees and customer products.