PayLens Radar: Stripe and Advent bid $53bn for PayPal, UK BNPL enters FCA regulation

PayLens Radar · Tuesday 4 August

TOP SIGNAL

PayPal rejects $53bn Stripe and Advent bid as inadequate

Stripe and Advent International offered $60.50 a share for PayPal, valuing it above $53bn, backed by about $50bn of bank financing and $17bn of equity from Stripe, Advent and Block. PayPal's board judged the bid inadequate, citing valuation, financing certainty, regulatory hurdles and timeline.

Combined, the two would process roughly $3.7tn a year, concentrating European e-commerce acceptance into a single checkout platform. Adyen, Worldline, Nexi and Checkout.com would face a rival with unmatched checkout distribution and consumer wallet reach.

RTÉ (Reuters) · Read the article

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