Stripe and Advent International reportedly bid $53.4B for PayPal, backed by $50B in financing, in a major digital payments deal.
Stripe and Advent Bid $53.4B to Buy PayPal
Stripe and private equity firm Advent International have reportedly submitted a joint offer to acquire PayPal in a deal valued at approximately $53.4 billion, potentially bringing together two of the biggest names in digital payments. According to Reuters, the offer was submitted earlier this month and is backed by roughly $50 billion in committed bank financing. Under the proposal, Stripe and Advent International would jointly own PayPal, with each holding an equal stake. The reported bid comes as PayPal works through a period of significant change, including a new CEO, plans to cut at least $1.5 billion in costs and reports that the company could reduce its workforce by around 20%. Stripe and Advent reportedly make $53.4B PayPal offer The proposed acquisition would see Stripe and Advent International join forces to buy PayPal for approximately $53.4 billion. Reuters reports that the offer includes about $50 billion in committed bank financing. If the deal moves forward under the reported…
