Stripe and Advent's reported $53B offer at $60.50/share carries $50B in committed financing, but Michael Burry pegs PayPal's fair value between $75 and $115.
PYPL trades at a 9x trailing P/E with Polymarket pricing 82% acquisition odds, while V, MA, and AXP held flat as deal-immune payment rails.
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PayPal (NASDAQ:PYPL) stock is up 19% to $56.60 in early Wednesday trading following a reported joint takeover offer from Stripe and private-equity firm Advent International valued at more than $53 billion, or $60.50 per share. The bid, first reported by Reuters and the Financial Times, both citing unnamed sources, represents a 28% premium to Tuesday's close.
The move puts PayPal stock at its highest level in months and unwinds much of a bruising stretch. Shares had fallen 35% over the past 12 months heading into the report and were still down 18% year to date (YTD) as of Tuesday's close.