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Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion.\u00a0<\/p>\n
Reuters<\/a> reports that the offer was submitted earlier this month and is backed by roughly $50 billion in committed bank financing. Under the proposal, Stripe and Advent would jointly own PayPal, with each holding an equal stake.\u00a0<\/p>\n This isn\u2019t the first time Stripe has been linked with a potential acquisition of the payments giant. Earlier reports<\/a> in February suggested the company had been exploring a possible takeover and was engaged in preliminary discussions, although no formal proposal emerged at the time.<\/p>\n If completed, the acquisition would unite two of the biggest names in digital payments. PayPal <\/a>serves around 440 million active accounts and handles roughly $1.8 trillion in payment volume during 2025. Meanwhile, businesses use Stripe to process $1.9 trillion <\/a>in payments over the same period. Plus, Stripe\u2019s valuation climbed to $159 billion <\/a>earlier this year.\u00a0<\/p>\n PayPal has yet to respond publicly to the offer.\u00a0<\/p>\n The potential deal comes at a pivotal time for PayPal. CEO Enrique Lores took over in March following a company profit warning<\/a>. Since then, there have been plans to cut at least $1.5 billion in costs over the next two to three years as PayPal looks to return to stronger growth. Reports<\/a> have also suggested the company intends to reduce its workforce by around 20%.<\/p>\n PayPal, Stripe and Advent International did not immediately respond to our requests for comment.<\/p>\n<\/div>\n