PayPal deems joint acquisition offer from Stripe and Advent International inadequate, presses on with turnaround

Published Jul 28, 10:57 PM UTC

PayPal has publicly described a joint acquisition offer from Stripe and Advent International as inadequate, signaling the company's determination to proceed with its turnaround strategy. The announcement comes during a pivotal quarter for the payments giant, which expects to save US$400 million in costs by the end of the year. The article, published by The Business Times Singapore on July 28, 2026, highlights ongoing speculation about a potential sale while PayPal management focuses on operational improvements and cost-cutting measures to restore growth and investor confidence.