Payments giant Stripe and private equity firm Advent International have made a joint $53 billion bid to acquire PayPal, in what could become one of the biggest fintech deals ever and a transaction that could reshape the global digital payments industry.
The two companies have offered $60.50 per share for PayPal, representing a premium of about 28 percent over the company’s recent closing share price. The offer, backed by approximately $50 billion in committed bank financing, was submitted earlier this month, according to people familiar with the discussions.
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If successful, the acquisition would combine two of the world’s biggest digital payments platforms at a time when the industry is rapidly evolving under pressure from artificial intelligence, changing consumer behaviour and growing competition from technology giants.
Sources said Stripe and Advent first approached PayPal in April and are now seeking to move
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