PayPal (PYPL) Stock Rises as Stripe and Advent Revive Takeover Talks

TLDR

• Stripe and private-equity firm Advent International are in talks to acquire PayPal
• The initial offer was $60.50 per share in July, which PayPal rejected as too low
• Both sides are now negotiating a higher price, with a deal possible in coming weeks
• PYPL stock closed up around 2% Friday following the Wall Street Journal report
• PayPal’s market value is currently close to $53 billion, down sharply from its 2021 peak of over $280 billion

PayPal is in early talks to be acquired by a group that includes payments giant Stripe and private-equity firm Advent International, according to The Wall Street Journal.

Stripe and Advent first put an offer on the table in July, proposing $60.50 per share. PayPal pushed back, calling the price too low. The two sides have since been in discussions over a higher number.

A deal could take shape in the coming weeks, though no agreement is guaranteed.

PYPL stock rose 1.8% on Friday after the report broke, closing with a market cap of close to $53 billion. The initial $60.50 offer had valued the company at around $53 billion.

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