Stripe and private equity firm Advent International have reportedly made a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion.

Reuters reports that the offer was submitted earlier this month and is backed by approximately $50 billion in committed bank financing. Under the proposal, Stripe and Advent would jointly own PayPal, with each holding an equal stake.

This is not the first time Stripe has been linked to a possible acquisition of the payments giant. Previous reports in February suggested that the company had been exploring a potential acquisition and was in preliminary talks, although no formal proposal emerged at the time.

If completed, the acquisition would bring together two of the biggest names in digital payments. PayPal serves about 440 million active accounts and handles approximately $1.8 trillion in payment volume during 2025. Meanwhile, businesses use Stripe to process $1.9 trillion in payments over the same period. Additionally, Stripe’s valuation rose to $159 billion earlier this year.

PayPal has yet to respond publicly to the offer.

The potential deal comes at a crucial time for PayPal. CEO Enrique Lores took over in March after a warning about the company’s profits. Since then, there have been plans to cut at least $1.5 billion in costs over the next two to three years, as PayPal looks to return to stronger growth. Reports also suggest that the company intends to reduce its workforce by approximately 20%.

PayPal, Stripe and Advent International did not immediately respond to our requests for comment.