昔日華爾街寵兒 PayPal面臨530億美元不情願收購
發布時間：2026/07/20 18:09:43
更新時間：2026/07/20 18:59:47
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Reuters 路透社報導
數位支付先驅 PayPal 曾是華爾街寵兒，如今因競爭加劇、股價大跌，正面臨競爭對手 Stripe 與私募股權公司 Advent International 提出的 530 億美元私有化收購要約。然而，PayPal 董事會認為此價格過低，雙方拉鋸戰正式展開。
PayPal 創立於 1998 年，曾培育出馬斯克（Elon Musk）與 Peter Thiel 等科技巨頭，2021 年市值一度高達 3,600 億美元。然而，隨著 Apple Pay、Google 等強敵崛起，PayPal 成長放緩。根據研究機構 PYMNTS Intelligence 統計，去年 Apple Pay 在美國的市佔率已超越 PayPal 達 10 個百分點。
分析師指出，PayPal 過去過於安逸，未能及時布局行動支付、AI 及智慧代理商務（agentic commerce）等新領域。此外，PayPal 過去優先考慮以激進定價爭奪市佔，卻未能創造足夠利潤，旗下 Venmo 等核心業務成長也陷入停滯。在面臨營運困境下，該公司在過去四年內已更換了三位執行長。
消息人士透露，Stripe 與 Advent 提出的每股 60.50 美元（總計 530 億美元）報價，並未獲得 PayPal 董事會同意。不過，路透社（Reuters）指出，買方已籌集 170 億美元股權與 500 億美元銀行融資，仍有能力提高出價。摩根士丹利（Morgan Stanley）分析師則認為，這項收購案或許是 PayPal 實現價值的最可靠途徑。