Stripe and Advent International reportedly offered $60.50 per share for PayPal, a 28% premium, driving shares up 16% intraday.
PayPal Holdings (NASDAQ:PYPL) jumped 16% to near $55 after Stripe and Advent International submitted a joint takeover bid valuing the company at over $53 billion, or $60.50 per share. The offer, backed by $50 billion in committed financing, represents a 28% premium to PayPal’s recent closing price.
The bid, described as confidential, has not been publicly confirmed by PayPal, Stripe, or Advent. Trading volume exceeded 50 million shares as options markets showed a bullish put/call ratio of 0.29, while prediction markets priced a 77% chance of an acquisition in 2026.
The YieldMax PYPL Option Income Strategy ETF (PYPY), a covered-call fund tied to PayPal, climbed 14% intraday but remains down 18% year-to-date due to NAV erosion from its strategy.