BREAKING:
@Stripe and
@adventintl are (officially) trying to buy
@PayPal 👀
▶️$53.4B joint offer — $60.50/share cash, ~28% premium
▶️~$50B in bank financing lined up (
@JPMorgan,
@MorganStanley)
▶️Stripe + Advent would co-own PayPal 50/50, no breakup planned
▶️PayPal's board reportedly thinks the price is too low, hasn't formally responded
▶️Possible fallback: spin off Braintree to Advent to ease antitrust concerns
▶️Backdrop: PayPal stock down 40%+ from highs, brutal "transition year," CEO ousted
▶️Stripe just hit a $159B valuation and wants
@Venmo, consumer payments, agentic commerce assets