Stripe · JPMorgan · Crypto Briefing
Stripe consortium reportedly drops pursuit of PayPal after board rejects $53 billion bid
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The joint offer from Stripe and Advent International valued PayPal at $60.50 per share, but the payments giant's board called it insufficient.
Key facts
- PayPal’s directors concluded that the $60.50-per-share offer undervalued the company, particularly given its potential trajectory under CEO Enrique Lores, who stepped into the role in March 2026
- The consortium’s offer came in at $60.50 per share, representing roughly a 28% premium over PayPal’s recent trading price
- The company, still privately held, processed approximately $1.9 trillion in payment volume in 2025
- The joint offer from Stripe and Advent International valued PayPal at $60.50 per share, but the payments giant's board called it insufficient
Summary
The consortium’s offer came in at $60.50 per share, representing roughly a 28% premium over PayPal’s recent trading price. Block, the company formerly known as Square, was part of early discussions but exited before the formal offer materialized. PayPal’s stock surged approximately 17% when news of the acquisition attempt first broke in July. PayPal’s directors concluded that the $60.50-per-share offer undervalued the company, particularly given its potential trajectory under CEO Enrique Lores, who stepped into the role in March 2026.