Particle.news
Download on the App Store

Stripe and Advent Reportedly Offer $60.50 a Share for PayPal

Backed by roughly $50 billion in bank financing, the reported bid would pair Stripe's payments scale with a private‑equity owner aiming to overhaul PayPal's business.

Overview

  • Multiple outlets, citing unnamed Reuters sources, report that Stripe and Advent International submitted a joint offer in early July of $60.50 per share, valuing PayPal at about $53 billion.
  • The proposal is said to be supported by roughly $50 billion of committed bank financing and would give Stripe and Advent equal ownership if completed.
  • PayPal has not publicly responded to the reports and no deal has been announced, while the companies involved declined or did not immediately comment to reporters.
  • News of the bid sent PayPal shares sharply higher in premarket trading, reflecting investor hope for a takeover premium amid a long run of share‑price weakness.
  • The potential offer comes as PayPal pursues a turnaround under CEO Enrique Lores after market share losses to Apple Pay and Google Pay, and any transaction would face complex financing, regulatory and integration hurdles that will shape next steps.