Advent and Stripe Abandon $50 Billion Pursuit of PayPal

Live updates

1. 17d ago

   PayPal shares plunge as Stripe and Advent drop takeover bid

   PayPal stock fell between 12.7% and 16% on Friday, August 28, after a consortium led by Stripe and Advent International abandoned its pursuit of the company. The deal collapsed after the PayPal board rejected the offer as inadequate. While some reports value the failed leveraged buyout at $50 billion, others cite a $53 billion figure. The collapse removes the deal premium that had previously supported the share price, ending months of speculation about a potential sale of the digital payments platform.

   Why it matters

   The pursuit represented one of the most anticipated deals of the year. The failure to reach an agreement leaves current CEO Enrique leading the company without a buyout partner.

   What is confirmed

   • Stripe and Advent International abandoned their pursuit to acquire PayPal.
   • The PayPal board rejected the takeover offer.
   • PayPal shares fell on Friday, August 28, 2026.

   Still unconfirmed

   • PayPal shares fell 12.7%.

   What to watch next

   • Official statement from PayPal CEO Enrique regarding future strategy
   • Regulatory filings confirming the final valuation of the rejected bid
   Sources used for this update (4)

   1. www.fool.com — Stock Market Today, Aug. 28: PayPal Falls 13% After Stripe and Advent Abandon $50B Takeover
   2. www.newsbytesapp.com — Stripe, Advent consortium drops $50B bid to acquire PayPal
   3. uk.finance.yahoo.com — Why PayPal (PYPL) Shares Are Plunging Today
   4. www.martincid.com — PayPal board rejected $53bn — stock falls 16% as Stripe and Advent walk away
   confidence 80%
2. 18d ago

   Stripe and Advent International Drop Pursuit of PayPal

   Stripe and Advent International have abandoned their bid to acquire PayPal. The decision follows reports that the PayPal board rejected the offer as inadequate. PayPal stock prices dropped following the news that the consortium walked away from the deal. While some reports value the abandoned takeover bid at $50 billion, others cite a $53 billion figure. The move ends a period of speculation regarding the digital payment company's willingness to sell itself.

   Why it matters

   PayPal has recently been in talks to sell the company amid a decline in market position. A successful acquisition by Stripe and Advent would have consolidated significant power in the digital payments sector.

   What is confirmed

   • Stripe and Advent International have dropped their pursuit to acquire PayPal.
   • PayPal stock prices declined after the consortium abandoned the bid.

   Still unconfirmed

   • The buyout bid was valued at $50 billion.

   What to watch next

   • Statements from PayPal regarding future strategic alternatives
   • Further movements in PayPal stock price
   • New potential suitors for PayPal Holdings
   Sources used for this update (7)

   1. Bloomberg — Advent, Stripe Consortium Is Said to Drop Pursuit of PayPal
   2. Investor's Business Daily — PayPal Dives As Advent-Stripe Group Said To Drop Pursuit Of Payments Giant
   3. Axios — Stripe and Advent end PayPal pursuit
   4. Yahoo Finance — PayPal Holdings (PYPL) Is in Talks to Sell Itself. Here’s How Far it’s Fallen
   5. Seeking Alpha — Stripe, Advent abandon pursuit to acquire PayPal: report (PYPL:NASDAQ)
   6. startupfortune.com — Stripe and Advent Walk Away From Their $53 Billion Bid for PayPal
   7. www.iphoneincanada.ca — PayPal Stock Plunges as Stripe Abandons $50 Billion Takeover Bid
   confidence 90%