PayPal Board Rejects $53 Billion Stripe-Advent Bid

Directors at the payments giant are currently evaluating the $60.50-per-share bid against the company’s internal turnaround strategy. While the proposal offers a premium over recent trading prices, the board remains wary of the financing structure and the potential for prolonged antitrust scrutiny. Shares of PayPal climbed 2% to $56.73 following reports that negotiations are ongoing despite the initial pushback.

The consortium, which previously included Block before the firm withdrew, has secured a $50 billion financing package through JPMorgan and Morgan Stanley, with Stripe and Advent providing $17 billion in equity. To mitigate regulatory concerns, the bidders have discussed spinning off assets like Braintree to Advent, potentially folding them into the firm’s existing portfolio, which includes Nuvei. Investors are now turning their attention to the upcoming July 28 earnings report, seeking proof that CEO Enrique Lores’ restructuring efforts and the expansion of crypto-payment products like PYUSD can deliver value exceeding the current buyout offer.