Advent International
Advent International business and news from across the web.
Latest coverage
Stripe Is Reportedly Circling PayPal — and a $53 Billion Bid Already Got Turned Down
Stripe and private equity firm Advent International are reportedly in talks to acquire PayPal, which previously rejected a $53 billion offer. The potential deal aims to combine their payment volumes and reduce reliance on Visa and MasterCard. The outcome hinges on a revised offer price, with PayPal's current CEO, Enrique Lores, working on a turnaround strategy.
Stripe and Advent to acquire PayPal (PYPL) for over $53 billion according to Reuters report
Stripe and Advent International have reportedly made a joint offer to acquire PayPal for over $53 billion, or $60.50 per share. This offer represents a significant premium over PayPal's recent stock performance, which has declined over the year amid increasing competition. Both companies would take a 50% stake if the deal closes, though PayPal, Stripe, and Advent have yet to comment.
