"Premium of 28%" "Proposal"! Stripe and Ant Hong Capital's $53.4 billion cash offer to acquire PayPal.

It has been confirmed that the digital payment giant Stripe and the private equity firm Advent International have jointly made a bid to acquire PayPal, with a transaction value of approximately $53.4 billion. Boosted by this news, PayPal's stock price surged 17% at the close of trading on Wednesday. According to sources familiar with the matter, the acquiring parties have proposed to purchase the payment company for $60.50 per share in cash. The sources stated that Stripe, Advent International, and Block have jointly provided $17 billion in equity funding for this offer. Insiders revealed that PayPal's board of directors is set to convene a meeting on July 20 to discuss the offer. The bid, which was submitted earlier this month, includes approximately $50 billion in committed bank loan financing, offering a premium of around 28% over PayPal's closing price on Tuesday. PayPal has yet to respond to the offer. Under the proposal, Stripe and Advent International would jointly hold equal stakes in PayPal. All parties hope to advance the negotiation process in the coming weeks. PayPal, Stripe, and Advent International have all declined to comment on the matter. Stripe, with a valuation of around $159 billion, was reported in February of this year to be considering acquiring PayPal, with both parties in the early stages of discussions. In recent years, PayPal has struggled to break out in the increasingly competitive digital payment landscape. Earlier this year, the company issued a disappointing profit guidance for 2026, expecting a low single-digit percentage decline in full-year adjusted earnings. Meanwhile, PayPal has replaced its previously introduced CEO, Alex Chriss, with HP Inc.'s executive Enrique Lores as the new President and CEO, in an effort to turnaround its performance. In a report on July 7, Citigroup analysts noted that PayPal is investing heavily to reignite growth, but investors remain skeptical given the company's previous efforts to transform its business have failed to reverse its slowdown.