Stripe and Advent International Launch Joint $53 Billion Offer to Acquire PayPal: Report

Stripe and Advent International submitted a joint offer to acquire PayPal for $60.50 per share, valuing it at over $53 billion.

The offer is backed by about $50 billion in committed financing from banks and represents a 28% premium to PayPal's closing share price.

PayPal CEO Enrique Lores started a turnaround in March, splitting operations into three units: checkout, Venmo, and payments/crypto.

PayPal faces competition from Apple Pay and Google Pay, and its market cap fell from $360 billion in 2021 to about $36 billion this year.

The potential deal follows increased M&A activity in payments, including Global Payments' $24.25 billion acquisition of Worldpay in 2025.