Stripe and Advent International have submitted a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion.
Stripe and Advent International have reportedly submitted a joint bid to acquire PayPal in a transaction valued at approximately $53.4 billion. The proposal, which was submitted earlier this month, would result in both companies holding an equal 50% stake in the payments giant. The offer is supported by roughly $50 billion in committed bank financing. The potential acquisition comes as PayPal seeks to stabilize its growth under new leadership. Following a profit warning, CEO Enrique Lores plans to cut $1.5 billion in costs and reduce the workforce by approximately 20%. While the bid prompted a 16% jump in PayPal stock, some market analysts remain skeptical of the valuation. Investor Michael Burry suggested the current offer is too low, noting that the company is currently below its intrinsic value. If the deal is finalized, it would unite two of the largest names in digital payments, combining PayPal’s 440 million active accounts with Stripe’s massive processing volume. Both PayPal and Stripe have declined to comment on the report officially.