Channel NewsAsia
Channel NewsAsia
AsiaPac · 1 hrs ago

Exclusive-Stripe, Advent offer to buy PayPal for more than $53 billion, sources say

The PayPal logo is seen on a smartphone in front of the same logo displayed in this illustration taken September 8, 2021. REUTERS/Dado Ruvic/Illustration 15 Jul 2026 11:25AM July 14 - Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said.The offer, submitted earlier this month, is backed by about $50 billion in committed financing from banks, the people said, and represents around a 28 per cent premium to PayPal's closing share price on Tuesday.The people declined to be named as the deal discussions are confidential. Advent declined to comment, while PayPal and Stripe did not immediatel
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