Stripe and Advent International have offered more than $53 billion for Paypal, a bid that would place Paypal's PYUSD stablecoin alongside Stripe's Bridge platform and Tempo blockchain. Paypal's board has not accepted, and antitrust review looms.
Stripe and private equity firm Advent International have offered to buy Paypal for more than $53 billion, a move that would fold two of fintech's most aggressive stablecoin players into one company. The suitors are bidding $60.50 a share, about 28% above Paypal's closing price on Tuesday.
A cash bid backed by bank financing
The proposal carries roughly $50 billion in committed financing from banks, with Stripe and Advent holding equal stakes. The pair would not break up the company, sources told the reporting outlets. The bid follows an initial approach in April, with the formal proposal submitted earlier in July.
Two stablecoin stacks under one roof
Stripe has spent two years assembling payments-crypto infrastructure, acquiring Bridge — a stablecoin orchestration platform — in a record $1.1 billion deal, then unveiling Tempo, a payments blockchain built with Paradigm. The company also backs Open USD, the fee-free stablecoin launched by 140 firms including Coinbase and Ripple.
Paypal brings its own crypto stack. It issues PYUSD, one of the few stablecoins launched by a household-name fintech, and offers crypto buying, selling, and checkout to hundreds of millions of accounts. Folding those assets into Stripe's architecture would create one company touching nearly every layer of dollar-token payments.
The hurdles ahead
The deal faces obvious obstacles. Paypal's board has not accepted the offer, and both Reuters and Bloomberg have cautioned there is no guarantee the talks lead to a transaction. Antitrust reviewers could scrutinize a merger of two of the largest online payment processors in the West.
The premium also reflects how far Paypal has fallen from its pandemic-era peak, when it commanded a market value above $350 billion. At $53 billion, the bid values the fintech at roughly a seventh of that high.
Source: Bitcoin.com News
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