Stripe and Advent submit joint $53.4bn bid to acquire PayPal

Stripe and Advent submit joint $53.4bn bid to acquire PayPal

Stripe and private equity firm Advent International have submitted a joint offer to acquire PayPal in a deal valued at approximately $53.4 billion with the bid backed by around $50 billion in committed bank financing. Under the proposed terms, Stripe and Advent would each hold an equal stake in the company if the acquisition proceeds

The offer, submitted earlier this month, was not the first time Stripe had been linked to a potential takeover of the payments company. Reports in February had suggested preliminary interest, though no formal proposal emerged at that stage

PayPal currently serves around 440 million active accounts and processed approximately $1.8 trillion in payment volume in 2025. Stripe processed $1.9 trillion over the same period and was valued at $159 billion earlier this year

The bid arrives at a difficult moment for PayPal. Chief executive Enrique Lores took over in March following a profit warning, and the company has since outlined plans to cut at least $1.5 billion in costs and reduce headcount by approximately 20%

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Source: www.thedailystar.net