Overview
- The consortium offered $60.50 per PayPal share in early July, valuing the company at about $53 billion and representing roughly a 28% premium to recent trading.
- Bidders plan to own PayPal on equal terms and say the proposal is supported by about $50 billion of committed bank financing.
- News of the approach drove a sharp market reaction, with PayPal shares rising roughly 10–20% in premarket trading after reports surfaced in mid‑July.
- PayPal has not publicly replied to the bidders and the company’s board has raised concerns that the offer may be too low and faces regulatory and financing hurdles.
- The bid reflects a push for consolidation in payments as Stripe would gain consumer scale and Advent would bring private‑equity expertise, while PayPal pursues a turnaround under CEO Enrique Lores that reorganized the business into three units.