Report: Stripe and Advent offer $60.50 a share for PayPal

Payments firm Stripe (founded by the Irish Collison brothers, dual HQ San Francisco/Dublin) and Advent International reportedly offered $60.50 per share (a 28% premium) for PayPal, per Reuters/CNBC; PayPal stock jumped 17-19%. About $50bn in bank financing is committed; PayPal's board meets from 20 July. Reported stage; second source: CoinDesk. Update 17 July: PayPal's board deems the offer inadequate, per RTE, but leaves the door open to renegotiating price and structure; quarterly results due 28 July. Follow-up: on 20 July 2026 PayPal's board formally rejected the $53bn offer ($60.50 per share) as inadequate and signalled it expects a higher price; Goldman Sachs and Evercore were mandated to review strategic options (per media reports). Outcome (28 August 2026): Stripe and Advent International definitively abandoned their pursuit of PayPal on 28 August 2026. Reported reasons include the valuation ($53bn / $60.50 per share) being seen as too low by PayPal, regulatory hurdles, and financing costs; PayPal never formally responded to the offer. (source: https://www.rte.ie/news/business/2026/0828/1589524-stripe-advent-consortium-said-to-drop-pursuit-of-paypal/)