28% premium “family robbery”! Stripe and Anhong Capital made a $53.4 billion cash offer to buy PayPal

The Zhitong Finance App learned that it has been confirmed that digital payments giant Stripe and private equity firm Advent International (Advent International) have jointly submitted a takeover offer to PayPal, with a transaction valuation of about US$53.4 billion. Boosted by this news, PayPal's stock price closed up 17% on Wednesday.

According to people familiar with the matter, the buyer proposed to buy the payment company for 60.50 US dollars per share in cash. The above sources said that Stripe, Anhong Capital and Block provided a total equity contribution of 17 billion US dollars for this offer.

People familiar with the matter said that PayPal's board of directors will meet on July 20 as soon as possible to discuss the offer. According to reports, the offer was submitted earlier this month and includes about $50 billion in promised bank loan financing, which is about 28% premium over PayPal's closing price on Tuesday.

PayPal has yet to respond to the offer. According to the plan, Stripe and Anhong Capital will jointly own PayPal and have an equal share ratio. The parties hope to advance the negotiation process in the next few weeks. PayPal, Stripe, and Anhong Capital declined to comment.

Stripe, valued at around $159 billion, was reported to be considering acquiring PayPal in February of this year. At that time, the two sides were in the initial stages of contact.

In recent years, it has been difficult for PayPal to break through the increasingly fierce competitive landscape of digital payments. At the beginning of this year, the company issued disappointing profit guidance for 2026 and expected a low single-digit percentage decline in adjusted profit for the full year.

Meanwhile, PayPal this year replaced Alex Chriss (Alex Chriss), the CEO who was previously introduced to reverse the decline, and the board of directors appointed Enrique Lores (HP.US) executive Enrique Lores (Enrique Lores) as the new president and CEO.

Citigroup analysts pointed out in the July 7 report that PayPal is investing heavily to revive growth, but at the same time, they also pointed out that investors are still skeptical against the backdrop of “many previous transformation efforts failed to reverse the company's slowdown.”