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Stripe and Advent International Reportedly Bid $53.4B for PayPal

Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion.

According to reports, the offer was submitted earlier this month and is backed by roughly $50 billion in committed bank financing. Under the proposed terms, Stripe and Advent would jointly own PayPal following the acquisition.

The potential deal would represent one of the largest takeovers in the fintech sector. Both companies have yet to officially comment on the reported offer.

Sources

TechCrunch: Stripe and Advent reportedly offered to buy PayPal for around $53.4B

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