By Karen Kwok
NEW YORK, July 15 (Reuters Breakingviews) – The financial plumbing firm and buyout shop Advent offered $53 bln to buy the payments processor. It’s a welcome lifeline for Venmo’s owner, but at a bargain price. There’s room to sweeten the bid by 15%, but it would increase the risks from extra debt and legacy technology.
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CONTEXT NEWS
Payments company Stripe and private equity firm Advent International have made a joint bid to buy PayPal for $60.50 per share, in a deal that would value the payments company at more than $53 billion, Reuters reported on July 14, citing unnamed sources.
The offer, submitted earlier in July, is backed by about $50 billion in committed financing from banks, one of the sources told Reuters.Â
The proposal, which has not received a response, follows an initial approach made in early April, according to the report. ​Stripe and Advent would each own equal stakes in PayPal, it added.
(Editing by Jeffrey Goldfarb; Production by Maya Nandhini)
By Karen Kwok | Reuters | © Copyright Thomson Reuters 2026.
