Talks to sell PayPal to Stripe and Advent are heating up
TechCrunch
β’Fri, 14 Aug 2026 22:43:24 +0000
π° What Happened
Talks to sell PayPal to Stripe and private equity firm Advent are heating up. In July, Stripe and Advent offered $60.50 a share for PayPal. That would have valued the company at $53 billion. PayPal balked at first. But negotiations never stopped. New reports say a deal could come together in the coming weeks. PayPal, Stripe and Advent have not officially commented.
π The Backstory
PayPal CEO Enrique Lores is trying to save the company from a lagging trajectory. He joined PayPal in March after years at HP. His turnaround plan includes an executive shuffle and splitting the business into three operating models. He also promised cost cuts that would reduce the workforce by 20% over a few years. PayPal was founded in 1998 by people including Peter Thiel, Elon Musk and Max Levchin. The company boomed during the pandemic but has struggled since.
π― Why It Matters
A PayPal sale would reshape the online payments industry. It shows how once-mighty tech companies are being bought and transformed as competition grows in fintech.
Talks to sell PayPal to Stripe and private equity firm Advent are heating up. In July, Stripe and Advent offered $60.50 a share for PayPal. That would have valued the company at $53 billion. PayPal balked at first. But negotiations never stopped. New reports say a deal could come together in the coming weeks. PayPal, Stripe and Advent have not officially commented.
PayPal CEO Enrique Lores is trying to save the company from a lagging trajectory. He joined PayPal in March after years at HP. His turnaround plan includes an executive shuffle and splitting the business into three operating models. He also promised cost cuts that would reduce the workforce by 20% over a few years. PayPal was founded in 1998 by people including Peter Thiel, Elon Musk and Max Levchin. The company boomed during the pandemic but has struggled since.
A PayPal sale would reshape the online payments industry. It shows how once-mighty tech companies are being bought and transformed as competition grows in fintech.