Stripe and Advent Offer $60.50 a Share for PayPal

PayPal shares surged nearly 15% overnight after a Reuters report that Stripe and Advent International jointly offered $60.50 per share for the company.

Shares of PayPal Holdings (PYPL) surged nearly 15% in the overnight session late Tuesday after a Reuters report, cited by Stocktwits, said that Stripe and Advent International had made a joint offer to acquire the payments company for $60.50 per share. The proposed transaction would leave Stripe and Advent owning PayPal in equal stakes, with no split of the company involved. The offer reportedly carries a premium of about 28% over PayPal's last closing price and values the company at more than $53 billion.

Stocktwits reports that the news follows a year of acquisition speculation after PayPal reorganized to separate Venmo from its other operations, and comes with the stock down more than 18% year-to-date. Retail sentiment on Stocktwits was 'bullish' amid high message volumes, with PYPL among the platform's top trending tickers.

According to Reuters, as reported by Stocktwits, the offer was submitted earlier this month and is backed by about $50 billion in committed financing from banks. The two suitors made an initial approach in early April, and PayPal has yet to respond, though Stripe and Advent are looking to close an agreement by the end of the month. Notably, Reuters' sources said there is no guarantee the proposal leads to a transaction, and none of the three companies has commented. Even bullish Stocktwits users argued the price undervalues the business — one pointed to a gap toward the $82–86 range, and another called a $53 billion sale 'dumb' given PayPal's strong free cash flow.

The bid lands in a market where single-stock surprises are driving outsized moves: TradingKey reports Microsoft rallied 4.7% to near $487 after fiscal fourth-quarter revenue of $90 billion, 43% Azure growth, and a record $678 billion commercial backlog, showing how sharply concentrated, company-specific news is repricing large-cap names. For PayPal, the coming weeks are decisive — the offer's backers reportedly want an agreement by month's end, and a rejection would leave the stock to trade on its fundamentals, which bulls argue are worth far more than $60.50 a share. Investors should treat the deal as live but unconfirmed until the companies comment.