Stripe Teams Up with Advent to Bid $53 Billion to Acquire PayPal

TechFlow News, July 16, according to Cointelegraph, payment company Stripe and private equity firm Advent International have jointly submitted an acquisition offer of approximately $53 billion, proposing to acquire PayPal Holdings at $60.50 per share, representing a 28% premium over its closing price on Tuesday, with the transaction including approximately $50 billion in committed financing.

This marks Stripe's second attempt to acquire PayPal. Following the announcement, PayPal's stock price rose 11.3% to $52.73 in pre-market trading on Wednesday, with the stock cumulatively up 14% over the past month. Both companies are accelerating their crypto business expansion; PayPal's PYUSD stablecoin has a market cap of approximately $2.85 billion, while Stripe is expanding global stablecoin payment infrastructure through the Bridge platform.