Payments processing giant PayPal is reportedly on the block after Stripe and private equity firm Advent International made a joint offer to acquire it.
The deal, which would value PayPal at $53 billion, includes about $50 billion in committed financing, according to Reuters. The joint bid seeks to acquire PayPal at $60.5 per share, representing a 28% premium over the company's Tuesday closing price of $47.3 per share.
This is Stripe's second attempt to acquire PayPal, following early acquisition talks that were reported by Bloomberg in February. PayPal and Stripe have been expanding their crypto offerings in recent years, with PayPal launching its PYUSD stablecoin in 2023 and Stripe offering stablecoin-based accounts globally since May 2025.
PayPal's stock price rose 11.3% to $52.73 in premarket trading on Wednesday, following the report of the joint bid.