Electronic payments company Stripe and the investment fund Advent International have put forward a joint proposal to acquire PayPal Holdings Inc. According to sources familiar with the negotiations, the offer values the company at $60.50 per share, equating to a total valuation exceeding $53 billion, or approximately 45.5 billion euros. This offer, which was submitted at the start of the current month, is supported by secured financing totaling approximately $50 billion, or roughly 43 billion euros, obtained from various financial institutions.
The proposed price represents a premium of about 28% when compared to PayPal’s closing stock price recorded on the preceding Tuesday. The submission follows initial discussions between the parties that took place in April. As of the latest reports, PayPal has not yet issued a formal response to the acquisition offer.
Industry sources indicate that discussions regarding the potential transaction are expected to continue over the coming weeks. The scale of the proposed deal, valued at over $53 billion, marks a significant corporate development in the payments technology sector.
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