Stripe mounts blockbuster $53 billion bid to buy PayPal

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Stripe offered to buy PayPal in a $53 billion deal alongside private equity firm Advent International. San Francisco-based Stripe made an offer of $60.50 a share, a 28% premium over PayPal’s most recent closing price. Stripe and PayPal are among the most prominent mainstream financial companies bringing stablecoins onto traditional payment rails. Payments giant Stripe offered to buy PayPal (PYPL) in a deal worth $53 billion, the Financial Times reported on Wednesday. San Francisco-based Stripe made the $60.50-a-share offer in tandem with private equity firm Advent International, according to the report, which cited two people familiar with the matter. The bid represents a premium of around 28% on PayPal’s closing price of $47.37 on Tuesday. The New York-listed payments provider’s shares have surged over 18% to $56.10 in pre-market trading. The bid follows an earlier expression of interest, though PayPal has been reluctant to engage with the offer thus far, the FT said. Neither PayPal, Stripe nor Advent immediately responded to CoinDesk’s request for comment. PayPal’s stablecoin PYUSD is the eighth-largest in the sector with a market capitalization of $185 million, according to CoinGecko data. The industry is dominated by Tether’s USDT at $184 billion. Stripe’s historical focus was on embedding the second-largest stablecoin, Circle Internet’s USDC, into its payments infrastructure . It has recently moved toward offering stablecoin and other blockchain-based services more independently, developing with its own mainnet, Tempo . The company also joined the Open USD venture alongside Mastercard, Visa and BlackRock to develop a new stablecoin, which could pose a serious challenge USDC. 1 Live markets: Bitcoin, ether ETFs draw inflows as majors rise as much as 5% 2 hours ago 2 UK plans first G7 digital sovereign bond by early 2027 2 hours ago 3 AI agentic payments enter mainstream as Visa, Mastercard, Ripple back x402 standard 4 hours ago 4 Bitcoin nears $65,000 as cooling U.S. inflation guts the Fed rate-hike trade 5 hours ago 5 U.S. CFTC moves to stop Kalshi from canceling trades as ordered by Michigan court 13 hours ago 6 Some U.S. Senate Democrats come out against Clarity Act, calling it a 'corrupt' bill 15 hours ago 7 Binance bets on becoming a crypto 'super app' as stablecoins reshape growth 17 hours ago 8 The Clarity Act isn't a ticket to sanctions evasion, actually 17 hours ago 9 Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat 17 hours ago 10 Wikipedia blackout could hurt how AI engines like ChatGPT understand crypto 18 hours ago CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.

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Fintech company Stripe has formalized a massive $53 billion acquisition offer for PayPal. This deal is expected to reshape the payment industry, promising market consolidation and technical synergies. Investors are closely watching to see if this merger will lead to reduced fee competition and strengthened market dominance.

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The proposed acquisition signifies a strategic shift in the financial services sector. By merging two of the largest players, Stripe aims to solidify its market share. Key focus areas include potential operational efficiencies and the long-term impact on global payment processing standards.

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