PayPal jumps 16% in premarket on report of Stripe, Advent $53 billion takeover offer
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- PayPal shares jumped 16% in premarket trading after Stripe and Advent International submitted a joint $53 billion takeover offer at $60.50 per share — a 28% premium to Tuesday's closing price.
- Stripe and Advent International would jointly own PayPal with equal stakes under the proposed deal, backed by roughly $50 billion in committed bank financing in an offer submitted earlier this month.
- PayPal has not responded to the offer, while Stripe and Advent aim to progress discussions in the coming weeks; Advent declined to comment and CNBC reached out to PayPal and Stripe.
- Stripe, valued at around $159 billion, was already reported in February to be weighing a PayPal acquisition and was in early discussions at the time.
- PayPal has declined 18% over the past year and replaced CEO Alex Chriss with HP's Enrique Lores after issuing disappointing 2026 profit guidance projecting a low-single-digit percentage decline.
- Citi analysts said in a July 7 note that investors remain skeptical of PayPal's turnaround after "previous turnaround efforts failed to reverse the company's slowdown."
Why it matters: PayPal's 18% stock slide and CEO swap this year put real pressure on its board to decide whether $60.50 a share is a take-it price or a negotiating floor. If the deal closes, Stripe and Advent would split equal control of a company now projecting a low-single-digit profit decline for 2026, folding a major public competitor into a privately held payments stack.
