PayPal receives $53B offer from Stripe and Advent

Financial platform Stripe and private equity firm Advent have made an offer to acquire PayPal for more than $53 billion, marking what could become the largest acquisition in fintech history.

The offer values PayPal at $60.50 per share, giving shareholders a 28% premium over the company’s recent closing price. Reports also say the buyers have secured nearly $50 billion in bank financing to support the takeover.

If the deal moves forward, it would be a rare example of a venture-backed technology company acquiring an S&P 500-listed business.

The acquisition could reshape the digital payments industry. While Stripe already competes with PayPal through Braintree, adding Venmo would strengthen its position in consumer payments and digital wallets.

Although Venmo remains one of the most widely used payment apps, PayPal has struggled to generate strong profits from the platform.