Stripe, Advent make $53 billion takeover offer for PayPal, sending stock soaring

Stripe and Advent International have made a joint offer to buy PayPal in a deal valued at $53.4 billion, CNBC's David Faber confirmed Wednesday. Shares of Paypal soared 18% on the news.

The companies made a $60.50 per share cash offer for the payments firm, according to people familiar with the deal, who asked not to be named because the details are private. Stripe, Advent and Block are contributing $17 billion in equity for the offer, the people said.

PayPal's board will meet as soon as July 20 to discuss the offer, the people said.

Reuters was first to report the deal.

The offer was submitted earlier this month and includes roughly $50 billion in committed bank financing, valuing PayPal at a 28% premium to its closing share price on Tuesday, according to Reuters.

PayPal hasn't responded to the offer, which would see Stripe and Advent jointly own the company and hold equal stakes. The firms are hoping to progress discussions in the coming weeks.

PayPal, Stripe, and Advent International declined to comment on the report.

PayPal's stock in the past year.

Stripe, which is valued at around $159 billion, was reportedly considering buying PayPal in February and was in early discussions at the time.

PayPal has struggled to stand out in an increasingly competitive financial payments landscape. It issued disappointing profit guidance for 2026 at the start of the year, with its full-year adjusted profit expected to range between a low-single-digit percentage decline.

Meanwhile, the company also replaced its former CEO, Alex Chriss this year, who was brought in to turn around the company's poor performance. PayPal's board named HP's Enrique Lores as its new president and CEO.

PayPal is investing heavily to revive its growth, Citi analysts said in a note on July 7, but pointed out that investors are sceptical after "previous turnaround efforts failed to reverse the company's slowdown."