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Stripe bids $53 billion to buy PayPal in premium deal

Stripe offered $60.50 a share, about 28% over PayPal’s Tuesday close, as the two firms compete in bringing stablecoins to payments.

Reported · Written up by our desk · Market Structure

Stripe has made a $53 billion bid to buy PayPal, with the offer coming alongside private equity firm Advent International, according to the Financial Times and cited by CoinDesk.

The bid values PayPal at $60.50 per share, about a 28% premium to PayPal’s most recent closing price of $47.37 on Tuesday. PayPal shares were up more than 18% to $56.10 in pre-market trading.

CoinDesk reports that PayPal has been reluctant to engage with the offer so far, and that Stripe and PayPal have not immediately responded to requests for comment.

The companies are also seen as key players in efforts to bring stablecoins onto mainstream payment rails. CoinDesk notes that PayPal’s stablecoin PYUSD has a market capitalization of $185 million, while the sector is led by Tether’s USDT.

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