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PayPal stock jumps after reports Stripe, Advent are weighing $53 billion takeover
CNBC • • general
Key Points:
- Stripe and Advent International have reportedly made a joint $53 billion offer to acquire PayPal, valuing the company at $60.50 per share, a 28% premium over its recent closing price.
- The offer, submitted earlier this month, includes approximately $50 billion in committed bank financing, with Stripe and Advent expected to hold equal stakes if the deal proceeds.
- PayPal's stock surged 16% in premarket trading following the report, despite an 18% decline over the past year, while the company has yet to respond publicly to the acquisition proposal.
- PayPal has faced challenges in the competitive payments sector, issuing disappointing profit guidance for 2026 and recently appointing Enrique Lores as its new CEO to lead turnaround efforts.
- Analysts note that while PayPal is investing heavily to revive growth, investor confidence remains cautious due to previous unsuccessful attempts to reverse the company's slowdown.
