Stripe Offers to Buy PayPal

Happy Wednesday.

We’re live on YouTube and 𝕏.

The current thing in tech and business is Stripe and Advent’s offer to buy PayPal for $53B.

Today’s Lineup

Breaking Points Co-Founder and Co-Host Saagar Enjeti at 11:30 AM

Prospero Chairman George Kailas at 12:00 PM

Emergent Founder & CEO Mukund Jha at 12:10 PM

Walden Robotics Co-Founder & CEO Russ Tedrake at 12:20 PM

Former Virginia Governor and Red Cell Partners Partner & Chairman Glenn Youngkin at 12:30 PM

Run of Show

Stripe CEO Patrick Collison | Alamy

Stripe Offers to Buy PayPal, by John Coogan

This idea had been kicked around the timeline a bit throughout last year after PayPal stock had gotten hammered (it’s down over 80% since pandemic highs). Sheel Mohnot outlined the opportunity in a long post calling out Visa, Mastercard, Elon, and JP Morgan as leading options:

But Stripe is a fun option. A Thiel-backed fintech company buying a Thiel-founded fintech company. Truly full circle. The first offer is already facing pushback: Here’s Michael Burry on why he’s not selling:Cassandra Unchained Short Thoughts July 15, 2026 PYPL/IBM/HCA/More PayPal Buyout Offer… Read more 9 hours ago · 254 likes · 66 comments · Michael Burry

The basic structure of the deal is as follows. $53B for all of PayPal, $60.50 per share. 28% premium over yesterday’s closing price but a steep discount to last year’s valuation. $50B has been committed in bank financing, but the FT is reporting that PayPal has been reluctant to engage with the offer. Stripe is much bigger than PayPal at this point, having recently done a tender offer at $159B and there are plenty of potential synergies across Stripe’s infrastructure and PayPal’s consumer distribution. Stripe is partnering with private-equity firm Advent International for the deal and they will point to slowing branded PayPal checkouts along with fierce competition from Apple Pay, Shop Pay, and Klarna as reasons to sell. PayPal will likely push back with the fact that they just br…