Joint Offer Values PayPal at $53.4 Billion
Stripe and Advent International have submitted a joint proposal to acquire PayPal in a deal valued at 53.4 billion dollars. The offer was confirmed Wednesday, sending PayPal shares sharply higher.
PayPal Shares Surge on the Report
PayPal stock closed 17% higher after news of the offer emerged. The proposed transaction would represent one of the most significant moves in the digital payments sector, a market that has become increasingly competitive.
Cash Bid Set at $60.50 Per Share
The companies made a cash offer of 60.50 dollars per share for PayPal, according to people familiar with the matter. The sources requested anonymity because the details of the proposal remain private.
Equity Support From Stripe, Advent and Block
Stripe, Advent International and Block are contributing 17 billion dollars in equity toward the bid. The proposal also includes about 50 billion dollars in committed bank financing, according to Reuters, which first reported the offer.
Offer Carries a 28% Premium
The bid values PayPal at a 28% premium to its closing share price on Tuesday. The offer was submitted earlier this month, and the companies are hoping to advance discussions in the coming weeks.
PayPal Board Expected to Review Proposal
PayPal’s board is expected to meet as soon as July 20 to discuss the offer. The company has not yet responded to the proposal.
Equal Ownership Planned
Under the structure being discussed, Stripe and Advent would jointly own PayPal and hold equal stakes in the company. PayPal, Stripe and Advent International declined to comment on the report.
Stripe Had Shown Earlier Interest
Stripe, valued at around 159 billion dollars, had reportedly considered buying PayPal in February and was in early-stage discussions at the time. The latest offer shows that interest in a potential combination has continued.
PayPal Faces a Tougher Payments Market
PayPal has struggled to separate itself in a financial payments industry filled with growing competition. The company began the year with disappointing profit guidance for 2026, projecting full-year adjusted profit in a range that included a low-single-digit percentage decline.
Leadership Changes Follow Weak Performance
PayPal also changed leadership this year. Former CEO Alex Chriss, who had been brought in to improve the company’s performance, was replaced after the board named HP’s Enrique Lores as the new president and chief executive.
Investors Remain Skeptical of Turnaround
PayPal has been investing heavily to revive growth. Citi analysts said in a July 7 note that investors remain skeptical after previous turnaround efforts failed to reverse the company’s slowdown.
A Potential Reset for Digital Payments
The proposal from Stripe and Advent could reshape the payments industry if talks move forward. For PayPal, the offer arrives at a moment when the company is under pressure to restore growth, improve investor confidence and defend its position in a rapidly changing market.
