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Stripe and Private-Equity Firm Advent Offer to Buy PayPal
Stripe and private equity firm Advent International have submitted a $53 billion joint acquisition bid for PayPal.
What: Stripe and Advent offered $60.50 per share for PayPal, aiming to acquire the company while it navigates a corporate turnaround under new leadership.
Why it matters: This suggests that top-tier fintech infrastructure players see an opportunity to consolidate market share in payments, potentially moving away from public markets to execute deep restructuring.
Original article
Stripe and Advent International have made a joint takeover bid for PayPal. They proposed paying $60.50 a share for PayPal in a deal that values the fintech company at around $53 billion. PayPal was valued at around $42 billion as of Friday. The company is currently in the early stages of orchestrating a turnaround under a newly appointed chief executive. There are no guarantees that PayPal will be receptive to the offer, as it has previously peaked at more than $300 a share.
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