Stripe, Advent in Talks to Buy PayPal
The fintech startup and private-equity firm Advent offered to buy the struggling payments company in July
PayPal PYPL 1.69%increase; green up pointing triangle Holdings is in talks to sell itself to a group that includes Stripe and the private-equity firm Advent International, according to people familiar with the matter.
Stripe and Advent in July proposed paying $60.50 a share for PayPal, a price PayPal viewed as insufficient, some of the people said. The two sides have since been negotiating a potentially higher price, the people said.
It is possible a deal could come together in the coming weeks, though there are no guarantees the parties will reach an agreement.