Stripe and Advent bid $60.50 a share for PayPal as talks advance, WSJ reports
WSJ reported the bidders could reach a deal in coming weeks after a $53 billion offer as PayPal pursues a turnaround and 20% workforce cut.
- The Wall Street Journal reported that Stripe and private-equity firm Advent are negotiating to buy PayPal, with talks potentially concluding in the coming weeks.
- Lores initiated a turnaround plan in April to address PayPal's recent struggles, splitting the business into three operating models and planning a 20% workforce reduction.
- Stripe and Advent offered $60.50 a share in July, valuing PayPal at $53 billion, while Lores told investors PayPal would become a "technology company again."
- PayPal declined to comment on the report, while a Stripe spokesperson said the company does not "comment on rumors or speculation" regarding the potential deal.
- Founded in 1998 by Silicon Valley figures including Peter Thiel, Elon Musk, and Max Levchin, PayPal now faces a sale that could alter the strategic path Lores has been building since March.
24 Articles
24 Articles
Breaking: PayPal Is “In Talks to Sell Itself” After Rejecting Stripe’s Initial $60.50 Bid in July
Stripe and Advent rejected once and are circling back for PayPal, but the board already said the first price was not enough. Here is what the new terms might need to look like and why prediction markets are now split between a full buyout and a partial carve-out.
Why Regulators May Force Stripe to Choose: PayPal or Its Merchant Crown Jewels
PayPal once commanded a market value north of $350 billion. Today it trades as a takeover target. And the buyer at the table? Stripe, the payments upstart that has quietly surpassed it in transaction volume. Negotiations have heated up. What began as a reported $53 billion joint bid from Stripe and private equity firm Advent International in July has evolved. Both sides now discuss a higher price, according to The Wall Street Journal. A deal cou…
Stripe PayPal deal is back on. Venmo may be the price
The Wall Street Journal reported the talks on 14 August. Cara Lombardo, Gina Heeb and Lauren Thomas wrote it. The framing is what changed. PayPal is in talks to sell itself, rather than fielding an offer it has rejected. Stripe and Advent International proposed $60.50 a share in July, which PayPal considered insufficient. The two […] This story continues at The Next Web
Stripe and Advent are supposed to negotiate a higher purchase price after a rejected offer. PayPal share increases by post.
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