PayPal Shares Jump on Report of Active Sale Talks With Stripe-Advent Consortium

3-line summary

• PayPal shares jumped after a Wall Street Journal report, cited on-air by CNBC, said the company is in active sale discussions with a consortium led by Stripe and private equity firm Advent International, following the board's rejection of Stripe and Advent's earlier $60.50-per-share bid.
• Stripe, valued near $159 billion, would gain PayPal's 439 million active accounts and Braintree's merchant footprint if a deal materializes, creating a combined payment platform the report estimated at $3 trillion; PayPal closed at $61.66, up 1.77% on the day.
• CEO Enrique Lores declined to comment on the M&A speculation on PayPal's earnings call but said the board has 'a clear responsibility to objectively evaluate every opportunity' and compare it with the company's own plan; Polymarket's contract on a Stripe-PayPal deal in 2026 rose from 18.3% implied probability on Aug. 14 to 38.1% on Aug. 15.

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