Stripe and Advent mount $53 billion bid for PayPal

The consortium has secured approximately $50 billion in committed financing from banks to back the acquisition. If successful, the deal would result in a joint ownership structure, with Stripe and Advent holding equal stakes in the payments giant rather than pursuing a breakup of its existing business units.

This proposal follows an initial, unsuccessful approach made by the pair in early April. Representatives for the bidders are reportedly pushing for a resolution by the end of July, though PayPal has yet to provide a formal response to the overture. Neither PayPal nor Stripe provided comment on the status of the confidential discussions, and there is no guarantee that these negotiations will culminate in a finalized transaction.