Stripe and Advent reportedly offered to buy PayPal for around $53.4B

In Brief

Stripe and backstage equity steadfast Advent International person reportedly submitted a associated bid to get PayPal successful a woody valued astatine astir $53.4 billion. 

Reuters reports that the connection was submitted earlier this period and is backed by astir $50 cardinal successful committed slope financing. Under the proposal, Stripe and Advent would jointly ain PayPal, with each holding an adjacent stake. 

This isn’t the archetypal clip Stripe has been linked with a imaginable acquisition of the payments giant. Earlier reports successful February suggested the institution had been exploring a imaginable takeover and was engaged successful preliminary discussions, though nary ceremonial connection emerged astatine the time.

If completed, the acquisition would unite 2 of the biggest names successful integer payments. PayPal serves astir 440 cardinal progressive accounts and handles astir $1.8 trillion successful outgo measurement during 2025. Meanwhile, businesses usage Stripe to process $1.9 trillion in payments implicit the aforesaid period. Plus, Stripe’s valuation climbed to $159 cardinal earlier this year. 

PayPal has yet to respond publically to the offer. 

The imaginable woody comes astatine a pivotal clip for PayPal. CEO Enrique Lores took implicit successful March pursuing a institution profit warning. Since then, determination person been plans to chopped astatine slightest $1.5 cardinal successful costs implicit the adjacent 2 to 3 years arsenic PayPal looks to instrumentality to stronger growth. Reports person besides suggested the institution intends to trim its workforce by astir 20%.

PayPal, Stripe and Advent International did not instantly respond to our requests for comment.

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