PayPal Holdings, Inc. operates a technology platform that enables digital payments for merchants and consumers worldwide. The company operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, consumer credit and debit products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, Honey, and Paidy names. The company was founded in 1998 and is headquartered in San Jose, California.
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PayPal in Talks to Sell Itself to Stripe and Advent
PayPal Holdings is in talks to sell itself to a group including Stripe and private equity firm Advent International, after rejecting their initial offer of $60.50 a share as too low, according to the Wall Street Journal. The two sides are now negotiating a higher price, with analysts suggesting a possible $70 a share. PayPal's market value has collapsed from a 2021 peak of about $360 billion to as low as roughly $36 billion this year, and it has lost more than 40% of its value over the past 12 months. The initial offer represented a 28% premium and was backed by about $50 billion in committed bank financing. A combined entity would process about $3.7 trillion in annual volume, leveraging PayPal's 430 million consumer accounts. PayPal CEO Enrique Lores has split the company into three units as part of a recovery effort, but the sale talks highlight ongoing competitive pressures from Apple Pay and Google Pay.
PayPal Pushes Agentic Payments as Core Business Stabilizes
PayPal Holdings is incorporating agentic payments into its long-term growth strategy alongside digital identity and broader AI-commerce capabilities, with management expecting these next-generation products to become more meaningful from 2028 onward. The company links agentic technology with stablecoins, identity and biometrics, leveraging its two-sided network, risk infrastructure and trust among consumers and merchants. PayPal World is already facilitating about $200 million of payment volume between Venmo and PayPal, while Venmo total payment volume grew 14%, Buy Now, Pay Later volume rose 26% and Pay with Venmo expanded 44%. Second-quarter 2026 revenues rose 5% to $8.68 billion, total payment volume increased 10% to $486.4 billion, and adjusted free cash flow reached $1.8 billion. PayPal is targeting at least $1.5 billion of gross run-rate savings over two to three years, with much of those savings expected to support strategic growth initiatives.
Venmo and PayPal to accept college tuition payments at select universities
Venmo and PayPal announced that college students and their families will now be able to use these payment platforms to make tuition payments at select universities. Bellarmine University, Butler University, Kansas State University, Michigan State University and Texas Tech University are among the schools on board so far, with more expected throughout the year. Colleges may charge a service fee on top of the tuition payment for using the platforms, and Bryan Dickson, education-policy director at the National Association of College and University Business Officers, noted that a 2.5% credit-card transaction cost on a $25,000 tuition payment would represent $625 that the institution may have to absorb or pass on to the payer. Since PayPal and Venmo are not banks, account balances are not always FDIC-insured like a traditional bank account, though users of select PayPal or Venmo branded offerings such as a PayPal Debit Card Mastercard, buying and receiving cryptocurrency, or the Venmo cash a check deposit feature may be eligible for pass-through FDIC insurance through program banks such as Goldman Sachs and Wells Fargo.
Bitwise CIO says blockchain transactions could expand 100-fold with AI and tokenization
Matt Hougan, chief investment officer of crypto asset manager Bitwise, pointed out three mistakes crypto investors are making in a blog post on August 18. He said that while crypto assets total only about 2 trillion dollars compared with a 150 trillion dollar stock market and a 350 trillion dollar bond market, tokenization could expand the potential market for platforms like Uniswap by 100 times. He also cited the example of PayPal's stablecoin holding only about 1 percent share while Tether and Circle control more than 88 percent, arguing that the competitiveness of crypto-native companies is being underestimated. What he emphasized most was that future transaction activity is being underestimated by 10 to 100 times. He said tokenization could increase the tradable hours of US stocks from 33 hours a week to 168 hours, a fivefold increase, and if AI agents handle buying and selling, it is easy to imagine transaction volumes rising 10, 50, or even 100 times.
Nelnet Campus Commerce and PayPal launch digital wallet tuition payments
Nelnet Campus Commerce, a division of Nelnet, Inc., announced a new integration with PayPal that for the first time lets institutions on its platform offer PayPal and Venmo as tuition payment options to students and families. Beginning August 19, 2026, the rollout will proceed through a phased implementation aligned with institutional payment environments, platform readiness, and security standards across higher education. Nelnet Campus Commerce serves over 1,000 colleges and universities and more than 8 million students in the United States. PayPal operates in more than 200 markets, while Venmo counts 100 million active U.S. consumer accounts, with over half of its users identifying as Gen Z or millennials.
PayPal and Venmo Expand to U.S. University Tuition Payments
PayPal Holdings and Venmo can now be used for U.S. university tuition payments through new integrations with Illumia, Nelnet, and TouchNet. The expansion brings PayPal and Venmo into higher value, recurring tuition and fee payments for students and families. The move increases PayPal's presence on college campuses and supports tuition transactions with its existing security protections. PayPal Holdings runs a global digital payments platform that connects consumers and merchants, so extending into tuition bills fits with its broader role in handling online transactions. With a market cap of about $51.7b, it is a large player in the diversified financial industry.
TikTok quietly develops money transfer feature via chat, pushing fully into fintech
TikTok is studying the development of a new feature that would let users send money directly to each other through private messages, using TikTok Pay, which is currently available only in Thailand, Malaysia, and Vietnam, as the system supporting transactions. Clues were discovered in code hidden in the iPhone version of TikTok in the United States, pointing to a peer-to-peer payment system where the recipient can tap to accept within a set time and the sender can attach a message along with the transfer, similar to PayPal's Venmo. A TikTok spokesperson said the feature has not yet entered testing in any market, but the fact that engineering work has already taken place reflects that parent company ByteDance is seriously considering expanding into the person-to-person money transfer market. Data from Sensor Tower shows that consumers worldwide have spent more than 2.9 billion dollars on TikTok since the start of this year, and TikTok has held the position of the world's highest-grossing app from in-app purchases since 2022.
PayPal Stock Rises 36.1% in Three Months on Venmo Growth
PayPal Holdings stock has gained 36.1% in the past three months, driven by Total Payment Volume and Venmo growth, and a clearer strategic roadmap. The stock also received a boost from speculation surrounding a potential acquisition offer from Stripe and Advent International, which ultimately did not result in a transaction. PayPal reported second-quarter 2026 net revenues of $8.68 billion, up 5% year over year, while Total Payment Volume climbed 10% to $486.45 billion. Venmo's Total Payment Volume rose 14%, marking its seventh consecutive quarter of double-digit growth, and the company expects 2026 non-GAAP earnings per share of about $5.38, up from $5.31 in 2025. PayPal shares trade at a forward 12-month price-to-earnings ratio of 10.93 times, compared with the Zacks Financial Transaction Services industry's 18.85 times, and the Zacks Consensus Estimate for 2026 EPS has moved 5 cents upward to $5.37 over the past month.
PayPal in sale talks with Stripe and Advent consortium
PayPal is reportedly in discussions to sell itself to a buyer group that includes Stripe and private equity firm Advent International, according to the Wall Street Journal. Stripe and Advent had submitted a joint bid in July of $60.50 per share, valuing the payments company at about $53 billion, a steep decline from its peak valuation of almost $360 billion in 2021. Discussions have continued after the earlier deal did not proceed, and a fresh agreement could emerge in the coming weeks, though the value of any revised transaction has not been disclosed. PayPal shares rose nearly 1.8% following the report.
PayPal Holdings is on track to deliver at least $1.5 billion in gross run-rate savings over the next two to three years, with about $400 million of new run-rate savings targeted by the end of 2026. The plan comes as profitability faces pressure, with second quarter 2026 revenues up 5% year over year to $8.68 billion but non-GAAP operating income down 8% to $1.51 billion and non-GAAP operating margin falling to 17.4% from 19.8%. The savings plan has three main drivers: a simpler structure, operational and portfolio changes, and wider use of artificial intelligence, with AI expected to be the largest contributor at roughly 40% of total savings. PayPal is not planning to bank all those savings, as much of the money is expected to be reinvested in areas such as financial services, Buy Now Pay Later and Venmo. Shares of PayPal have gained 34.6% in the past three months, and the Zacks Consensus Estimate for full-year 2026 EPS has been revised upward to $5.37 in the past month.
PayPal's total payment volume rose 10% year over year in the second quarter to $486 billion, but weakness in its most profitable segment, online branded checkout, is weighing on the stock. Branded checkout TPV grew just 2% in the quarter and accounted for 28% of total TPV, down from 26% annualized growth between 2018 and 2021. Transaction margin dollars increased only 1% last quarter, reflecting the segment's struggles. CEO Enrique Lores said the company is raising its expectation for online branded checkout to the low-single-digit range for the year. Intense competition, notably from Apple Pay with an estimated 900 million global users, is likely a key factor pressuring the fintech stock, which trades down 81% from its 2021 peak.
PayPal Stock Surged on Profit Shift Management Had Already Spelled Out
PayPal stock has risen roughly 51% since February 11, 2026, more than the S&P 500's 13%, Visa's 11%, and Shopify's 34% over the same stretch. The run began days after the company announced it would replace its chief executive and reported online branded checkout volume growth of 1% on a currency-neutral basis for fiscal Q4 2025. PayPal reported Venmo revenue growth of more than 20% for its fiscal Q2 2025, on volume up 12%, and buy now, pay later volume growth of more than 20%, while online branded checkout volume grew 5% on a currency-neutral basis. PayPal published those fiscal Q4 2025 results on February 3, 2026, with Venmo revenue growing about 20% to $1.7 billion in 2025, excluding interest income, and its Enterprise Payments arm delivering seven consecutive quarters of profitable growth. Management said those two, once small contributors to profitability, drove nearly half of the company's 6% transaction margin dollar growth in 2025. PayPal raised full-year 2026 guidance for transaction margin dollars and non-GAAP earnings per share on July 28, 2026, even as second-quarter non-GAAP earnings per share declined 1%, now expecting approximately $14.5 billion of those dollars excluding interest on customer balances. The shares still sit at $60.59, well below the $79.22 top of a trailing 52-week range whose low is $38.46.
PayPal's Venmo is becoming a bigger part of the company's growth story as it pushes beyond peer-to-peer payments. In the second quarter of 2026, Venmo's total payment volume rose 14% year over year, marking a seventh straight quarter of double-digit growth. Venmo Debit Card monthly active accounts grew more than 50% year over year, while Pay with Venmo monthly active accounts rose about 30%. Customers using both Venmo Debit and Pay with Venmo generated more than nine times the average revenue per account of peer-to-peer-only users, and this customer group has roughly doubled in size over the past year. PayPal is rebuilding the Venmo app to improve product discovery and engagement, with feature development accelerating fourfold in the first half of 2026.
PayPal reportedly receives $53 billion buyout offer from Stripe and Advent International
PayPal Holdings received a takeover overture from private fintech company Stripe and private equity firm Advent International, valuing the company at approximately $53 billion or $60.50 per share, a significant premium over its pre-announcement trading price. The stock surged 32.5% in July, making it the third-best performer in the S&P 500, driven by the buyout speculation. While the company has not agreed to any deal, the proposal has not been rejected. The potential acquisition would combine PayPal's massive consumer network with Stripe's developer-focused infrastructure, though regulatory and integration challenges remain.
JB Global Capital Highlights PayPal Stake After Stripe Buyout Offer and Q2 Results
JB Global Capital disclosed its investment in PayPal Holdings in its second-quarter 2026 investor letter, noting that the position was initiated at $39.84 per share in February. The firm cited a subsequent buyout offer from Stripe and Advent International at $60.50 per share, a roughly 52% premium, as well as second-quarter results that showed branded checkout stabilizing at 2% growth, Venmo delivering its seventh straight quarter of double-digit growth at 14%, and Braintree accelerating to 13% growth. Management also raised full-year guidance for transaction margin dollars and earnings per share, while trailing twelve-month buybacks reached $6 billion. The fund declined 12.1% in the second quarter, largely driven by its largest holding Alibaba, but has returned 109.7% since its January 2023 inception, compared with 94.4% for the S&P 500.
Carl Icahn Demands eBay Board Overhaul and PayPal Spin-Off
Activist investor Carl Icahn has launched a campaign targeting eBay, demanding a spin-off of PayPal and major board changes. In a letter dated August 6, 2026, Icahn alleges conflicts of interest involving directors Scott Cook and Marc Andreessen, and questions the board's handling of the 2009 Skype sale. He is seeking two board seats and access to books and records related to that transaction. eBay founder Pierre Omidyar has rejected the claims and backed the current directors. The pressure comes as eBay recently reported second-quarter 2026 results, issued third-quarter guidance, and confirmed its regular dividend.
Companies defy macro uncertainty and raise guidance
A growing number of companies are raising their profit outlooks despite macroeconomic uncertainty. More S&P 500 firms are lifting guidance than cutting it, and Wall Street analysts have raised third-quarter earnings estimates for the index for the second consecutive quarter. Argus research analyst Christine Dooley views consistent guidance raises as a catalyst for market-beating returns. Among the companies that have raised guidance in the second quarter so far are Cheesecake Factory, Ford, General Motors, Hasbro, Starbucks, Coca-Cola, Charles Schwab, PayPal, US Bancorp, ASML, Seagate Technology, Supermicro Computer, Bristol Myers Squibb, Johnson & Johnson, UnitedHealth Group, 3M, Lockheed Martin, Northrop Grumman, United Airlines, and United Parcel Service.
85% of financial companies beat EPS estimates this week
Eighty-five percent of the 20 financial companies that reported earnings this week beat earnings-per-share estimates, with 17 surpassing expectations, two missing, and one matching. Twelve of the 20 companies exceeded revenue forecasts, while eight fell short. Notable beats included PayPal, which posted non-GAAP EPS of $1.38 and raised its full-year guidance to around $5.38, Visa with EPS of $3.32 on revenue of $11.6 billion, and Robinhood with GAAP EPS of $0.62. Among the misses, Cincinnati Financial reported EPS of $1.43, missing by $0.39, and S&P Global also fell short on EPS despite revenue slightly ahead of consensus.
PayPal board rejects $53 billion joint bid from Stripe and Advent
PayPal's board has turned down a joint acquisition offer from Stripe and private equity firm Advent that valued the company at around $53 billion. Seeking Alpha analysts Gytis Zizys and Hunting Alphas weighed in on other potential bidders, suggesting that companies such as Revolut, American Express, JPMorgan, Apple, and Alphabet's Google could be interested in PayPal or its parts like Venmo and Braintree. Zizys noted that he would prefer PayPal to remain independent, citing its potential under a new CEO, while Hunting Alphas cautioned that any deal would likely face significant antitrust scrutiny and expressed a neutral view on the stock's growth prospects.
PayPal Holdings reported second-quarter 2026 revenue of US$8.68 billion, up from US$8.29 billion a year earlier, while adjusted earnings per share of US$1.38 beat analyst expectations. Management raised full-year adjusted EPS guidance to about US$5.38, citing progress on its cost-savings and turnaround plan. The results come as the company fields a US$60.50 per share, US$53 billion takeover offer from Stripe and Advent International. Despite the profit beat and upgraded outlook, net income and GAAP earnings per share edged lower year on year, and ongoing takeover speculation remains a risk to operational execution.
PayPal CEO signals openness to higher bid while defending standalone strategy
PayPal CEO Enrique Lores indicated the company would consider a higher takeover offer while maintaining that its standalone transformation plan will create significant value. Speaking after second-quarter results that beat estimates, Lores said the board remains open to opportunities that would deliver superior shareholder value compared to executing the current strategy. The comments follow a rejected $60.50 per share joint bid from Stripe and Advent International, which PayPal's board deemed too low with advice from Goldman Sachs and Evercore. PayPal reported revenue of $8.68 billion against a $8.47 billion consensus and adjusted EPS of $1.38 versus a $1.28 estimate, while raising its 2026 profit outlook and targeting $400 million in cost savings by year-end. Shares rose 4% to $58.47, still below the offer price, as investors weigh the prospect of a sweetened bid against the company's recovery plan.
PayPal Reports $81 Million Crypto Loss as Core Payments Beat Estimates
PayPal reported an $81 million net loss from cryptocurrency investments in its second quarter of 2026, even as its core payment services delivered strong growth and beat Wall Street forecasts. The loss was disclosed in the company's official Q2 2026 results, which showed a serious imbalance between the crypto segment and the rest of the business. Core payments outperformed pessimistic estimates, underscoring the divergence between PayPal's traditional operations and its digital asset ventures.
Coca-Cola raised its full-year outlook after demand last quarter was bolstered by its role as a major sponsor of the FIFA World Cup. PayPal reported second-quarter earnings and revenue that topped Wall Street consensus estimates and raised its full-year adjusted profit guidance, with CEO Enrique Lores saying the company remains open to evaluating opportunities but is focused on executing its strategic plan. Hilton reported adjusted earnings per share of $2.29 for the three months through June, beating expectations of $2.27.
PayPal declared a quarterly dividend of $0.14 per share, in line with the previous payout. The dividend is payable on September 25 to shareholders of record as of September 4, with the ex-dividend date also set for September 4. The forward yield is 1.0%.
PayPal Earnings Seen Pressured by Lower Transaction Margins
PayPal is expected to report second-quarter results on Tuesday before the market opens, with analysts forecasting revenue of $8.47 billion, up 2% from a year earlier, and earnings of $1.28 a share, a decrease of 8.6%. Total payment volume is projected to reach $473.02 billion, compared with $463.96 billion in the first quarter and $443.55 billion a year ago. Transaction margin is expected to decline to 44.17% from 45.61% in the prior quarter and 46.38% a year ago, while branded checkout growth may slow amid competition from Apple Pay and Shop Pay, weaker German consumer demand, and reduced European travel spending. Investors may also focus on takeover speculation, as Stripe and Advent International are believed to have bid $60.50 a share for PayPal, valuing the company at more than $53 billion, though the board reportedly considered the bid too low and raised financial and regulatory concerns.
PayPal to Report Earnings Amid Slowing Revenue Growth Expectations
PayPal is set to report earnings Tuesday morning. The digital payments platform beat revenue expectations last quarter with $8.35 billion, up 7.2% year on year. For this quarter, analysts expect revenue growth of 2.2% year on year, a slowdown from the 5.1% increase in the same quarter last year. PayPal has missed Wall Street revenue estimates multiple times over the last two years. The stock is up 26.4% over the last month, heading into earnings with an average analyst price target of $53.07 compared to the current share price of $56.07.
PayPal's board reportedly views the $60.50-per-share cash offer from Stripe and Advent International as inadequate, according to multiple reports. The bid valued the payments company at more than $53 billion, representing a 28% premium to where shares traded before news broke on July 15. PayPal has not publicly responded, but board discussions have centered on whether the bid is high enough to warrant opening negotiations. The stock currently trades around $56, roughly 7% below the offer price, while the average analyst price target sits at about $53, below both the offer and the market price. PayPal reports second-quarter results on July 28, which could strengthen the board's case or shift leverage back to the bidders.
Stripe and Advent International Submit Joint Bid to Acquire PayPal for $60.50 a Share
Payments giant Stripe and private equity firm Advent International have reportedly submitted a joint confidential proposal to buy PayPal for $60.50 a share, valuing the company at over $53 billion. The offer represents a 28% premium over PayPal’s closing price before the news and is backed by about $50 billion in committed bank financing. Under the proposed terms, Stripe and Advent would take equal stakes and run PayPal as a 50/50 joint partnership, keeping the company intact rather than breaking it up. The bid highlights how far PayPal has fallen from its pandemic-era peak market cap of roughly $360 billion, and it comes amid a turnaround push by PayPal’s new CEO targeting over $1 billion in cost savings. For Stripe, a private company reportedly valued at around $160 billion, absorbing PayPal would dramatically scale its consumer footprint and add PayPal’s stablecoin to its ecosystem, though the deal’s structure raises questions about strategic fit and potential tensions between a growth-focused fintech and a private equity firm.
PayPal Trades at 11x P/E While Buying Back 8% of Shares Annually
PayPal trades at 11 times trailing earnings while repurchasing roughly 8% of its float annually, creating a rare value-plus-yield setup. The company generated a 25.1% return on equity on trailing twelve-month revenue of $33.73 billion, and analysts’ average price target of $61.62 implies 11% upside. Over the past twelve months, PayPal bought back about 100 million shares for $6 billion, shrinking the diluted share count from 999 million to 920 million, and management guides to at least $6 billion in adjusted free cash flow for 2026 with another $6 billion in planned repurchases. New CEO Enrique Lores is targeting at least $1.5 billion in gross run-rate savings over the next two to three years, supported by first-quarter 2026 total payment volume of $463.95 billion, up 11%, and Venmo’s 14% total payment volume growth. Visa trades at a forward P/E of 24 and an EV/EBITDA of 24.54, roughly double PayPal’s multiples, while offering a nearly identical 0.72% dividend yield.
Mastercard led World Cup payment coverage but fraud dominated its narrative, CARMA finds
Mastercard captured the largest share of media coverage among payment brands during the World Cup, but fraud and scam-related stories dominated its narrative, according to media intelligence provider CARMA. CARMA reviewed 898 articles covering Mastercard, Visa, PayPal, and Apple Pay, finding that Mastercard’s top theme was fraud with 195 mentions, while thought leadership content added 162 mentions and athlete partnerships with Lionel Messi contributed 36 mentions. Mastercard also led social volume with 41,400 mentions and 97.1% positive sentiment, though negative conversation centered on payment failures, fake FIFA websites, and card-data theft. PayPal’s strongest theme was betting with 244 mentions, and it outperformed all other brands on engagement with 100,400 engagements from 10,600 mentions, driven by creator donation content on YouTube. Apple Pay had the smallest footprint with 950 mentions and 6,300 engagements, mostly linked to cashless payment options in fan zones, while Visa recorded the lowest share of voice at 4,300 social mentions but the highest engagement relative to volume at 55,500, with coverage led by its official sponsorship and a $600,000 commitment to nonprofits through its “Tap In to Impact” program.
PayPal receives $53 billion takeover bid from Stripe and Advent International
PayPal has received a $53 billion takeover offer from rival Stripe and buyout firm Advent International, valuing the digital payments pioneer at $60.50 per share. The board is discussing the bid but believes the price is insufficient, according to people familiar with the matter. The offer marks a sharp reversal for a company that once commanded a $360 billion market value in 2021, before slowing growth and intense competition from Apple Pay and others eroded its standing. Analysts say the bidders have capacity to raise their offer, having assembled $17 billion in equity and $50 billion in bank financing, though competing bids are seen as unlikely.
Circle Internet Group Could Soar by 2030 on Stablecoin Growth, Clarity Act, and Fintech Moves
Circle Internet Group could see its value soar by 2030 as the stablecoin industry is projected to grow from $300 billion to $3 trillion, according to U.S. Treasury Secretary Scott Bessent. A broad consortium of more than 140 banks and tech companies announced the imminent launch of a new stablecoin called Open USD, which may accelerate mainstream adoption despite its different business model. Stripe's $53 billion acquisition bid for PayPal signals further momentum, as both firms are major stablecoin supporters. The expected passage of the Digital Asset Market Clarity Act could provide a huge boost, potentially drawing tens of billions of dollars from traditional bank deposits into stablecoins like Circle's USDC.
PayPal Executive Aaron Webster Sold 3,883 Shares to Cover Tax Obligations
PayPal Executive Vice President and Global Chief Risk Officer Aaron Webster disposed of 3,883 shares on July 15, 2026, in a non-discretionary transaction to cover tax liabilities from vesting restricted stock units. The sale, valued at approximately $183,938 based on a weighted average price of $47.37, leaves Webster with 63,256 directly held shares worth $3.5 million at the market close of $55.52. He also holds 25,566 restricted stock units, maintaining alignment with shareholder interests. The transaction coincided with reports that Stripe made a buyout offer for PayPal at $60.50 per share, adding a new element to the company's turnaround efforts under new CEO Enrique Lores.
Eli Lilly to acquire AtaiBeckley for $2.8 billion in key deal this week
Eli Lilly has agreed to acquire psychedelic drugmaker AtaiBeckley for $6.75 per share in upfront cash, valuing the deal at approximately $2.8 billion, plus up to $2.50 per share in contingent value rights tied to clinical and regulatory milestones. In other notable deals this week, Dassault Systèmes is in discussions to acquire drug trial software maker ArisGlobal from Nordic Capital for about $2 billion, though talks are ongoing and may not result in a deal. ABB Ltd. agreed to acquire Rotork for £5.03 per share in cash, a 60% premium to the company's three-month average share price, valuing the company at about £4.1 billion. A consortium led by KKR and Energy Capital Partners raised its takeover proposal for Irish energy distributor DCC to £67.97 per share, valuing the company at £5.81 billion, or approximately $7.86 billion. Stripe and Advent International have reportedly made a joint offer to acquire PayPal for $60.50 per share, in a deal that would value the payments company at more than $53 billion, though PayPal's board views the bid as inadequate. Uber Technologies launched a public takeover offer for Germany's Delivery Hero, valuing the food delivery company at about $14.8 billion in equity value. Kimbell Royalty Partners agreed to acquire oil and gas royalty interests from affiliated sellers for approximately $215.4 million, consisting of $74.9 million in cash and 9.5 million newly issued common units. Zoetis announced an agreement to acquire VitalRADS, a Texas-based provider of veterinary imaging services.
Wall Street ends lower as chip selloff and earnings dominate the week
Wall Street's major averages ended the week lower as a prolonged sell-off in semiconductor stocks weighed on sentiment and investors digested the start of second-quarter earnings season. The S&P 500 lost 1.6%, the Nasdaq Composite dropped 2.9%, and the Dow declined 0.9%. IBM shares plunged about 27% after the company released disappointing preliminary second-quarter results, with CEO Arvind Krishna citing missed large deals and a faster-than-expected shift in customer spending toward AI infrastructure. Taiwan Semiconductor Manufacturing reported better-than-expected second-quarter results and raised its 2026 revenue growth outlook for the second time this year, with net revenue growing 33.7% year-over-year to $40.20 billion and EPS per ADR surging about 74% to $4.31. PayPal shares advanced over 20% after reports that Stripe and Advent International jointly offered to acquire the company for $60.50 per share, valuing it at more than $53 billion. Among other notable movers, Aehr Test Systems jumped about 22% on stronger-than-expected quarterly results and record bookings, while Yum! Brands fell nearly 10% amid a U.S. health investigation into a cyclosporiasis outbreak potentially linked to Taco Bell lettuce. The semiconductor sell-off continued with SanDisk down 24.6%, Marvell Technology down 17.4%, and Western Digital down 13.6%.
Financial stocks end week higher as tech selloff continues
Financial stocks ended the week higher even as Wall Street's major averages declined amid a technology-led selloff. The State Street Financial Select Sector SPDR ETF rose 0.99% to $56.26, with the S&P 500 Financials sector extending its rally to six consecutive sessions in extreme overbought territory. Among megacap gainers, Mastercard advanced 3.20% to $543.60 and Visa added 2.75% to $358.56 after Visa introduced a new enterprise platform for stablecoin capabilities. Bank of America gained 2.68% to $61.27 following better-than-expected second-quarter earnings, while Citigroup fell 8.12% to $129.36 despite topping estimates after comments on additional investments and severance expenses. PayPal surged 22.11% to $56.56 on reports of a $53 billion joint takeover bid from Stripe and Advent International, and Travelers Companies rose 8.87% to $368.98 after its second-quarter earnings blew past consensus. Crypto-related stocks were largely lower, with IREN down 18.28%, Robinhood Markets off 10.73%, and Hut 8 declining 10.54%, while Virtu Financial retreated 15.33% after announcing preliminary results and seeking $400 million in additional term loans. Western Union gained 13.27% to $8.88 amid a surge in call options trading, and Columbia Financial added 10.21% as regional banks rallied on prospects of a lending rebound.
PayPal might be up for sale. The video was published on July 16, 2026, using afternoon stock prices from July 14, 2026. Parkev Tatevosian, CFA, has positions in PayPal, and The Motley Fool has positions in and recommends PayPal. The Motley Fool also recommends short September 2026 $47.50 calls on PayPal.
PayPal shares soar 23% on $60.50 per share buyout offer from Stripe and Advent International
PayPal shares surged 23% this week after payments peer Stripe and private equity firm Advent International offered to buy the company for $60.50 per share. Reuters reported that PayPal's board believes the deal undervalues the company's long-term potential as it executes its turnaround strategy. Famed investor Michael Burry also thinks the offer greatly undervalues PayPal, estimating its intrinsic value closer to $110 or $115 per share. PayPal's businesses include its namesake payment processing, Braintree operations, financial services, and Venmo, which has nearly 100 million users and has grown total payment volume by double-digits for six straight quarters. The author views PayPal shares as undervalued enough to hold, though a declined offer could weigh on the stock.
Visa launches Visa Stablecoin Platform for enterprise blockchain payments
Visa has launched the Visa Stablecoin Platform, a managed enterprise solution that lets financial institutions, fintechs, and payment providers mint, redeem, hold, and transfer stablecoins without building their own infrastructure. The platform initially supports Open USD and integrates with Visa's existing payment network and security infrastructure, including a Wallet-as-a-Service offering that enables onchain wallets, bank account linking, and configurable approval policies. It consolidates Visa's existing digital-asset capabilities—such as stablecoin settlement, stablecoin-linked cards, and money movement—into a single platform, aiming to lower operational barriers for banks and fintechs. The platform is currently being tested with select clients before a wider rollout. Competitors Mastercard and PayPal are also expanding their stablecoin strategies, with Mastercard supporting Open USD as a founding participant and PayPal broadening use of its PYUSD stablecoin across payments and commerce.
Michael Burry Calls Stripe-Advent's $60.50 PayPal Bid Too Low, Sees Value Up to $115
Michael Burry says the $60.50-per-share takeover offer for PayPal from Stripe and Advent International is simply too low. The bid values PayPal at more than $53 billion, but Burry, who holds PayPal shares, pegs the company's intrinsic value as high as $110 to $115 per share using his IV8 methodology. He argues a control premium should push any buyout well above his IV15 estimate, and that the current 21% premium is not nearly enough. PayPal's board could meet as soon as July 20 to discuss the offer, while shares closed at $55.52, about 8% below the bid price, signaling market skepticism about a deal.