An American consortium consisting of Stripe Inc. and Advent International Corp. He rejected the acquisition of PayPal Holdings Inc., which could have become one of the largest leveraged buyout transactions. This is reported by foreign media.
Earlier, PayPal's management rejected the consortium's offer of $53 billion ($60.5 per share, which is 28% higher than the closing price on July 14, 2026), as it does not reflect the company's potential in implementing a long-term strategy. PayPal shares rose by more than 40% in the second quarter, increasing its market value to $52.6 billion.
JPMorgan and Morgan Stanley provided Stripe and Advent with a $50 billion financing package and acted as financial advisers to the consortium, which did not plan to split the business and was ready to jointly manage assets with different shares.
PayPal has faced difficulties in modernizing payment technologies, and competitors including Apple Inc. and Alphabet Inc. have captured significant market share. In March, PayPal's new management carried out a large-scale restructuring, dividing the business into three divisions (checkout, Venmo consumer finance, as well as payments and cryptocurrencies), and in May announced plans to optimize operations and eliminate duplicate functions through AI, which will save $1.5 billion over two to three years. In addition, the company may cut 20% of its employees.
Stripe is an American fintech company that develops solutions for accepting and processing electronic payments, as well as for creating an infrastructure for Internet companies. The company is headquartered in San Francisco, California. Customers include Amazon, Lyft, DoorDash, Shopify, Zoom, and others.
Advent Corp. — an American investment company that repurchases assets in Europe, North America, Latin America and Asia. The company manages assets of $100 billion.
PayPal Holdings, Inc. is an American multinational financial technology company. The company operates an online payment system in countries with a digital payment system. The headquarters is located in San Jose, California. In the first quarter, revenue grew by 7% to $8.35 billion.
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