Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, valuing the company at over $53 billion [1]. The offer, submitted earlier this month, is backed by about $50 billion in committed financing from banks [2] and represents around a 28% premium to PayPal's closing share price on Tuesday [3]. According to sources, Stripe and Advent have not received a response from PayPal and are seeking to advance discussions in the coming weeks [4]. Under the proposal, Stripe and Advent would jointly own PayPal, with each holding an equal stake, rather than breaking up the company [5].
The acquisition would mark a significant shift in the payments industry, with PayPal facing increasing competition from rivals such as Apple Pay and Google Pay [6]. Founded in the late 1990s, PayPal was an early player in digital payments, but has faced challenges in recent years, including slowing growth and intensifying competition [7]. The proposed acquisition would value PayPal at more than $53 billion, a significant premium to its current market capitalization [8].
Sources
- Reuters: Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
- CNBC: Stripe, Advent offer to buy PayPal for more than $53 billion
- Yahoo Finance: Stripe and Advent International make $53 billion offer for PayPal
- Reuters: Exclusive-Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
- CNBC: Stripe, Advent offer to buy PayPal for more than $53 billion
- Yahoo Finance: Stripe and Advent International make $53 billion offer for PayPal
- Reuters: PayPal stock soars as Stripe, Advent make $53B takeover offer
- CNBC: Stripe, Advent offer to buy PayPal for more than $53 billion
