Stripe and Advent International have lobbed a joint unsolicited bid of more than $53 billion to acquire PayPal Holdings, offering roughly $60.50 per share. That price represents a premium of about 28% above where PayPal’s stock was trading before the news broke. PayPal’s board has responded with the corporate equivalent of “you can do better,” dismissing the offer as inadequate.
From Wall Street darling to takeover target
Stripe didn’t wake up one morning and decide to make a $53 billion play. The company had expressed preliminary interest in acquiring all or parts of PayPal as early as February 2026, meaning this courtship has been brewing for nearly five months.
PayPal’s stock surged nearly 17% when takeover rumors first surfaced around mid-July 2026. Analysts remain skeptical about whether Stripe and Advent will come back with a sweeter deal, particularly as PayPal’s market value has been under pressure amidst rising competition in the digital payments sector.
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