PayPal Board Rejects $53 B Stripe‑Advent Offer Valuing Shares at $60.50

Fintech firm Stripe and private‑equity group Advent International have made a joint unsolicited bid to acquire PayPal for about $53 billion, offering $60.50 per share, a 28% premium to the pre‑announcement price. The proposal is backed by roughly $50 billion of committed bank financing from JPMorgan and Morgan Stanley.

PayPal’s board has deemed the offer inadequate and voted to reject it, saying it falls short of the $70‑per‑share price the directors consider appropriate. The board is exploring other options with advisers Goldman Sachs and Evercore, while noting possible antitrust hurdles that could require divesting the Braintree business. At the time of the bid, PayPal shares traded around $56, between the offer price and the analyst consensus target of about $53. The failed bid has also sparked speculation that the deal could accelerate broader adoption of digital currencies, with analysts noting a short‑term boost to Bitcoin following the announcement.