Stripe and Advent offer $60.50 a share for PayPal, valuing it above $53bn
Stripe and Advent International have offered $60.50 a share in cash for PayPal, a bid that values the payments company at more than $53bn and arrives backed by about $50bn in committed financing from banks, according to Reuters.
The buyers would hold equal stakes in the business and, unusually for a proposal with a private equity firm attached, say they would not break it up.
The offer went in earlier this month and follows an initial approach in early April, and PayPal has responded to neither.
Advent is no stranger to this corner of the market: it took the Canadian processor Nuvei private in a $6.3bn deal in 2024, and Nuvei is currently buying Payoneer for $2.75bn on the explicit promise of building a rival to Stripe.
If the PayPal bid lands, Advent will be funding both sides of that fight.
The $60.50 works out at roughly 28% above...
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