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PayPal Holdings

M&A

PayPal reportedly in talks to sell itself to Stripe and Advent International

EU

What happened

The Wall Street Journal reported on 17 August 2026 that PayPal is in talks to sell itself to a consortium of Stripe and Advent International. A July proposal of USD 60.50 per share, valuing PayPal at roughly USD 53bn, was judged insufficient and talks continue over a higher price. No agreement has been reached, none of the three parties has confirmed the talks, and there is no guarantee a deal follows.

Why it matters

PayPal and Stripe are the two largest non-bank acceptance brands in European e-commerce, and PayPal is the single most-offered online method at German checkouts. A combination would put both the wallet and one of the largest PSPs under one owner, which is a competition question for the EC and a concentration question for every merchant that runs them as separate rails.

Reported talks are not a deal, but they reprice the strategic assumptions behind PSP selection and Braintree contract renewals.

What to watch

  • Any confirmation or denial from PayPal, Stripe or Advent
  • A filed offer price
  • The first signal of how DG COMP would view a Stripe/PayPal overlap in European online acceptance

Sources

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