28% Premium "Marriage Snatch"! Stripe and Advent International make $53.4 billion cash tender offer to acquire PayPal

According to FinanceAPP, it has been confirmed that digital payments giant Stripe and private equity firm Advent International have jointly submitted an acquisition offer to PayPal, with the deal valued at approximately $53.4 billion. Boosted by this news, PayPal’s stock price surged 17% at Wednesday’s close.

According to sources familiar with the matter, the acquirers proposed to purchase the payment company at $60.50 per share in cash. The sources indicated that Stripe, Advent International, and Block together are committing $17 billion in equity for this offer.

Sources said PayPal’s board may discuss the proposal as soon as July 20. The offer was reportedly submitted earlier this month and includes around $50 billion in committed bank loan financing, representing about a 28% premium over PayPal’s closing price on Tuesday.

PayPal has not yet responded to the offer. Under the plan, Stripe and Advent International would jointly hold PayPal with equal equity stakes. All parties aim to advance negotiations in the coming weeks. PayPal, Stripe, and Advent International all declined to comment.

Stripe, which has an estimated valuation of about $159 billion, was reported in February this year to be considering an acquisition of PayPal, with both parties then at a preliminary contact stage.

In recent years, PayPal has struggled to break through amid intensifying competition in digital payments. Earlier this year, the company issued a disappointing profit outlook for 2026, expecting its full-year adjusted earnings to decline by a low single-digit percentage.

At the same time, PayPal replaced former CEO Alex Chriss, who had been brought in to turn things around, with HP executive Enrique Lores as its new President and CEO, appointed by the board.

Citigroup analysts noted in a report on July 7 that PayPal is investing heavily to revive growth, but also pointed out that investors remain skeptical given the company’s “previous transformation efforts have repeatedly failed to reverse its slowdown.”