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# Stripe and Advent offer $60.50 a share for PayPal, valuing it above $53bn

**[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments

## Summary

Stripe and Advent International have jointly offered $60.50 per share in cash for PayPal, valuing the payments company at over $53bn with roughly $50bn in committed bank financing. The bid represents a ~28% premium over PayPal's recent share price, though it is far below the company's 2021 peak valuation of ~$360bn. PayPal has not responded to either this offer or an earlier April approach. For Stripe, acquiring PayPal would provide an established consumer brand and trust that cannot be quickly replicated. Advent already owns Nuvei, which is buying Payoneer to build a Stripe rival — meaning Advent would be backing both sides of the payments competition. PayPal is currently mid-turnaround under new CEO Enrique Lores, who split the company into three units and outlined AI-driven cost savings of $1.5bn. The deal, if completed, would be one of the largest in fintech history.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/stripe-advent-paypal-bid>

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---

Tags: [#business](https://daily.dev/tags/business), [#fintech](https://daily.dev/tags/fintech), [#stripe](https://daily.dev/tags/stripe), [#paypal](https://daily.dev/tags/paypal)

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