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Stripe and private equity firm Advent International have jointly offered to acquire PayPal Holdings Inc. in a transaction valued at more than $53 billion, according to a Reuters report citing people familiar with the matter. The proposed deal could become one of the biggest acquisitions in the fintech industry, highlighting growing competition in the global digital payments market.
The reported offer values PayPal at $60.50 per share, representing a 28% premium to the company’s previous closing price. News of the bid sparked a strong market reaction, with PayPal shares climbing more than 20% in U.S. premarket trading before ending the session up 17.2%.
Reuters said the proposal was submitted earlier this month and is supported by approximately $50 billion in committed bank financing. It follows an initial approach made in April, although PayPal has yet to respond to either proposal. Stripe and Advent reportedly aim to finalize an agreement before the end of the month, with both companies expected to own equal stakes in PayPal if the acquisition proceeds.
Industry experts believe the transaction could significantly reshape the digital payments landscape. Chris Jones, Managing Director at PSE Consulting, described the proposal as one of the most significant strategic moves in e-commerce in the past decade, citing the substantial valuation and premium offered.
Jefferies analyst Hannes Leitne said the acquisition would likely focus on strengthening PayPal’s consumer-facing ecosystem, including Link, Venmo, and Button, rather than expanding its merchant services. He also noted that PayPal’s Braintree platform, despite facing challenges during its shift to higher pricing, would add roughly $600 billion in total payment volume (TPV) to Stripe’s enterprise business. According to Leitne, that would strengthen Stripe’s position beyond its recent growth driven by large language model (LLM)-related demand.
A PayPal spokesperson declined to comment on the reported takeover discussions. Neither Stripe nor Advent has publicly addressed the proposed acquisition.
