PayPal Holdings ($PYPL) shares surged after Reuters reported that Stripe ($STRP) and private equity firm Advent International submitted a joint offer to acquire the payments company for $60.50 per share, valuing PayPal at more than $53 billion. The proposal, backed by approximately $50 billion in committed bank financing, reportedly remains under consideration, with no response yet from PayPal.
- Offer values PayPal at more than $53 billion, representing roughly a 28% premium to Tuesday's closing price.
- Stripe and Advent would each own a 50% stake in PayPal if the transaction is completed.
- The proposal follows an initial approach made in April and is supported by about $50 billion in committed financing.
- PayPal shares rose more than 15% following the report.
- PayPal reported first-quarter revenue of $8.35 billion and total payment volume of approximately $464 billion, up 8% year over year on a currency-neutral basis.
Relevant Companies
- PayPal ($PYPL) – Shares surged following reports of the acquisition proposal.
- Mastercard ($MA) – Consolidation among major payment companies could influence competitive dynamics across the digital payments industry.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
