Stripe and Advent in Renewed Talks to Acquire PayPal Above Rejected $60.50/Share Offer

Stripe and Advent International are negotiating to acquire PayPal at a price above the $60.50 per share bid PayPal's board rejected in July as undervaluing the company, the Wall Street Journal reports. The pair have $17 billion in equity assembled and could announce a deal in weeks. PayPal traded near historic lows before the initial offer, down roughly $320 billion from its pandemic peak.