Stripe, Advent reportedly propose to buy PayPal for more than $53bn

Enrique Lores, World Economic Forum Annual Meeting 2023. Image: World Economic Forum/ Greg Beadle via Flickr (CC BY-NC-SA 2.0)

Stripe and Advent reportedly want equal stakes in the US fintech.

Stripe has made an offer to purchase PayPal in a joint deal with US private equity firm Advent International, Reuters reported on Tuesday (14 July).

Together, the companies have offered to acquire PayPal at $60.5 per share, valuing the fintech at more than $53bn, sources told the publication. PayPal is yet to respond to the offer, but the two buyers are seeking to advance discussions in coming weeks, sources said.

According to the proposal, Stripe, the Irish fintech giant, and Advent want to hold equal stakes in the fintech rather than break up the company, Reuters reported. The offer is backed up by around $50bn in committed financing from banks.