Stripe PayPal talks are back on. The Wall Street Journal reports that PayPal Holdings is in talks to sell itself to Stripe and Advent International. The paper cites people familiar with the matter. No company has confirmed a deal. The Journal also says the talks could still collapse.
The July bid was not enough
Stripe and Advent offered $60.50 a share in July. That price valued PayPal at more than $53 billion. However, PayPal treated the bid as too low, the Journal says. Instead, the two sides have since discussed a higher price. If talks hold, the paper says a deal could land in the coming weeks.
The Journal also puts the earlier backdrop in cash terms. PayPal was trading near historic lows before the July approach. The company was worth about $40 billion then, down around $320 billion from its pandemic peak. Those numbers are reported figures, not a signed term sheet.
What Reuters said the July offer looked like
Reuters first reported the July offer on July 14. It said Stripe and Advent would jointly own PayPal, with each holding an equal stake. The sources said they had no plan to break PayPal up. Reuters also said banks had committed about $50 billion in financing, and that a combined Stripe-PayPal stack would process about $3.7 trillion a year. It added there is no certainty the approach becomes a transaction.
PayPal named Enrique Lores CEO in March, after the board said execution had lagged. That appointment is on the company’s own press release. Lores has not publicly addressed these talks. Meanwhile, Venmo is still one of PayPal’s most useful consumer products. TMM already covered Venmo landing as a Google Play checkout option and Venmo’s private-by-default redesign.
As a result, the only locked facts are the reported talks, the rejected $60.50 July price, and the lack of an official close. Readers should treat this as deal reporting, not as a reason to move money or change account settings.
