PayPal board rejects $53 billion Stripe‑Advent takeover bid

Payments firm Stripe and private‑equity group Advent International submitted a joint proposal on July 14‑15 to acquire PayPal for about $53 billion, or $60.50 per share – a roughly 28 % premium to the prior closing price. The offer is backed by roughly $50 billion of committed bank financing and $17 billion of equity funding. PayPal’s board has publicly said the valuation does not reflect the company’s long‑term potential and has turned the bid down, opting to continue the restructuring plan announced earlier in the year.

PayPal has faced slowing revenue growth, heightened competition from Apple Pay, Google Pay, Samsung Pay and newer fintech rivals, and a sharp decline in its share price from a pandemic‑era peak of about $300 to around $55. Shares jumped about 16 % when the bid was announced but have since steadied. The board’s decision will be reassessed after the company’s upcoming quarterly earnings at the end of July, which many analysts see as a decisive test of the turnaround strategy and a factor that could drive a higher offer.