08:15 AM EDT, 07/15/2026 (MT Newswires) -- (Updates to add PayPal's ( PYPL ) comment in the fourth paragraph.)

Payments firm Stripe and Advent International have offered to acquire PayPal ( PYPL ) for $60.50 per share in a deal that would value the company at more than $53 billion, Reuters reported late Tuesday, citing two unnamed people familiar with the matter.

Under the proposal, Stripe and Advent would jointly own PayPal ( PYPL ), each holding an equal stake. The two firms have not received a response from PayPal ( PYPL ) and are seeking to advance discussions in the coming weeks, the report said.

The offer, submitted earlier this month, is backed by about $50 billion in committed bank financing and represents a roughly 28% premium to PayPal's ( PYPL ) Tuesday closing price, according to the report.

PayPal ( PYPL ) declined to comment, while Stripe and Advent did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)