Stripe and Advent Table a $53B PayPal Offer — Checkout, One Basket 🧺

Stripe and private equity firm Advent International have jointly submitted an offer to acquire PayPal Holdings for more than $53 billion, Reuters reported on July 15. The confidential bid prices PayPal at $60.50 per share and is backed by about $50 billion in committed financing from banks. Under the proposal, Stripe and Advent would own PayPal jointly with equal stakes rather than pursue a breakup of the company.

The offer follows an initial approach made in April, with the parties continuing discussions, according to people familiar with the matter. The deal ranks among the largest acquisition attempts in the payments sector and arrives as both companies pursue stablecoin strategies. PayPal's stablecoin PYUSD has reached a circulating supply of $2.85 billion, while Stripe has steadily expanded its crypto rails. The proposed transaction is taking shape alongside ongoing U.S. legislative work on the GENIUS Act and the CLARITY Act, which seek to define regulatory treatment for stablecoins and digital assets.

PayPal shares surged more than 13% in after-hours trading following the report. No response from PayPal to the latest offer had been disclosed at the time of publication.

The bid underscores how payments incumbents and fintech challengers are racing to position themselves around dollar-pegged digital currencies amid evolving U.S. rules. Stripe and Advent would jointly control PayPal if the transaction closes, leaving the combined entity to coordinate stablecoin issuance, custody and distribution across consumer and merchant channels. Bank commitments of roughly $50 billion would fund the cash component of the purchase price alongside any rollover equity.

Industry observers noted that the acquisition, if completed, would consolidate two of the most established names in online payments at a moment when stablecoin settlement is moving from pilot programs into mainstream product roadmaps. Neither Stripe nor Advent International issued a public statement on the reported offer beyond confirming the existence of the discussions, and PayPal's board has not yet announced a formal response to the $60.50-per-share proposal, which values the company at more than $53