Stripe & Advent Bid $53 Billion to Acquire PayPal amid Stablecoin Push — Source: CoinGape Stripe and Advent International offers to acquire PayPal for $53 billion. The bid is backed by $50 bi
Stripe & Advent Bid $53 Billion to Acquire PayPal amid Stablecoin Push — Source: CoinGape
- Stripe and Advent International offers to acquire PayPal for $53 billion.
- The bid is backed by $50 billion in financing from banks amid active discussions.
- Stripe and PayPal continue to expand into stablecoin industry, with PYUSD reaching $2.85 billion.
- PYPL stock surges over 13% in overnight trading.
Payments giant Stripe and private equity firm Advent International have jointly offered to acquire PayPal Holdings for more than $53 billion. This marks one of the largest acquisition deals as both companies are actively expanding into stablecoins, mainly amid the GENIUS Act and the CLARITY Act developments.
PayPal Gets $53 Billion Acquisitions Offer from Stripe and Advent
Stripe and Advent International submitted a confidential offer earlier this month for $60.50 per share, Reuters reported on July 15. The proposed bid is backed by about $50 billion in committed financing from banks.
Stripe and Advent would jointly own PayPal with equal stakes, rather than breaking up the company. The acquisition offer follows an initial approach made in April, with the parties reportedly aiming to advance discussions in the coming weeks.
As CoinGape earlier reported, Stripe was in early talks to acquire all or part of PayPal. In April, PayPal even split its operations into three units covering checkout, consumer financial services Venmo, and payments and crypto.
The acquisition push comes amid rising competition and innovation in digital payments, particularly around stablecoins. No final agreement has been reached, and any deal would likely face regulatory scrutiny given the scale and market overlap.
Stripe Plans Deeper Expansion into Stablecoins
Stripe is heavily investing in crypto infrastructure, partnering and developing solutions for stablecoin payments. Notably, Strike and Paradigm developed Tempo Layer-1 blockchain to scale stablecoin payments.
In addition, Stripe is leading the Open Standard’s Open USD (OUSD) consortium. It consists of tradFi and crypto partners including BlackRock, Mastercard, Coinbase, Ripple, and PayPal.
Meanwhile, PayPal continued to expand its PYUSD stablecoin and making it available across markets for fast and low-cost cross-border transactions. PYUSD is the 9th largest stablecoin by market cap at $2.85 billion.
PayPal Stock Rockets 13%
PayPal stock has surged by 13.26% in overnight trading after closing 0.59% lower at $47.37 on Tuesday. The intraday low and high were $46.43 and $47.39, respectively.
PYPL stock has rallied 14% in a month amid PayPal’s potential acquisition by Stripe. Notably, the acquisition offer represents a roughly 28% premium over PYPL stock’s closing price on the previous trading day.
Wolf Financial’s Sam Badawi said the $53 billion offer by Stripe and Advent would value the PYPL stock at roughly $60 per share.
“A PayPal acquisition would be massive for Stripe, giving it a dominant asset and an immediate boost to its market share in the U.S. and internationally,” he added.
As traditional financial networks rapidly adopt digital currencies, merchants can stay ahead of the curve by integrating the best crypto payment gateways to accept secure, low-cost assets at checkout.
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Stripe & Advent Bid $53 Billion to Acquire PayPal amid Stablecoin Push originally appeared on CoinGape