Stripe and Advent Offer to Buy PayPal for $53.4 Billion
The proposed acquisition would combine Stripe's payment processing infrastructure with PayPal's consumer base and Venmo, creating a dominant payments platform, but PayPal has not responded and the outcome is uncertain.
Reporting from 1 source: GIGAZINE.
Stripe and Advent International have proposed a joint acquisition of PayPal for approximately $53.4 billion, offering $60.50 per share. The offer represents a 28% premium over PayPal's recent closing price. PayPal has not yet responded to the proposal, and the deal's completion is uncertain. If completed, the combined company would process about $3.7 trillion in payments annually, merging Stripe's merchant infrastructure with PayPal's 430 million consumer accounts and Venmo.
Stripe and Advent International submitted a joint proposal to acquire PayPal at $60.50 per share, a 28% premium over the stock's closing price before the offer was reported. The total deal is valued at about $53.4 billion, and the buyers have secured approximately $50 billion in loan commitments from banks. After the acquisition, Stripe and Advent plan to hold the shares equally and not split up PayPal.
The combination would create a payments giant processing about $3.7 trillion annually, merging Stripe's merchant infrastructure with PayPal's 430 million consumer accounts and Venmo. However, PayPal has not responded to the proposal, and the deal is not guaranteed.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.