Stripe and Advent International have reportedly jointly offered $53 billion to acquire PayPal at $60.50 per share, representing a 28% premium with about $50 billion in committed financing. The approach underscores both firms' deepening involvement in stablecoins while PayPal contends with competitive pressures.
This marks Stripe's second attempt to buy PayPal.
Both companies have expanded their stablecoin businesses.
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Stripe has finalized an acquisition of AI gateway startup OpenRouter for more than $7 billion according to Bloomberg. The deal values the company far above its $1.3 billion valuation from a May funding round and brings a platform with 8 million users and access to over 400 models into Stripe's portfolio.
Kalshi is in advanced talks with Sequoia Capital and Wellington Management to raise at least $750 million at a $40 billion valuation. The round would nearly double its May valuation while the company reports $4 billion in annualized revenue and eyes a 2027 IPO.
Goldman Sachs agreed to acquire NEOS Investments for up to $2.25 billion, adding three crypto-income ETFs that use derivatives rather than direct holdings. The deal expands Goldman's active ETF business to roughly $80 billion and is expected to close in Q1 2027 pending regulatory approval.
