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● TRACKER Updated 17d ago · 10 sources tracked

Advent, Stripe Consortium Is Said to Drop Pursuit of PayPal

A consortium of Advent International and Stripe has reportedly dropped its pursuit of acquiring PayPal Holdings, Inc. This development caused PayPal shares to plummet 12-16% in premarket and morning trading. The abandoned deal could have valued PayPal at over $50 billion.

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  • ✓ PayPal shares fell 12-16% following reports that the Advent-Stripe consortium abandoned its pursuit.
  • ✓ The abandoned deal could have valued PayPal at over $50 billion.
  • ✓ Advent International and Stripe walked away from a potential acquisition of PayPal Holdings, Inc.
🛡️ Source Corroboration: 10 independent reporting domains (98% confidence) ⏱ Read time: ~2 min

What changed

The consortium of Advent International and Stripe ended its pursuit of acquiring PayPal, according to multiple reports.

Live updates

  1. Advent, Stripe Consortium Drops Pursuit of PayPal

    A consortium of Advent International and Stripe has reportedly dropped its pursuit of acquiring PayPal Holdings, Inc. This development caused PayPal shares to plummet 12-16% in premarket and morning trading. The abandoned deal could have valued PayPal at over $50 billion.

    Why it matters

    The collapse of the acquisition talks has significant implications for PayPal, which has been exploring strategic options. The company's stock has experienced substantial fluctuations amid speculation about its potential sale or partnership. This news comes as investors reevaluate PayPal's market position and growth prospects.

    What is confirmed

    • PayPal shares fell 12-16% following reports that the Advent-Stripe consortium abandoned its pursuit.
    • The abandoned deal could have valued PayPal at over $50 billion.
    • Advent International and Stripe walked away from a potential acquisition of PayPal Holdings, Inc.

    Still unconfirmed

    • A consortium of Stripe and Advent International abandoned its pursuit of PayPal

    What to watch next

    • PayPal's official response to the reports
    • Future developments in PayPal's strategic plans
    • Impact on PayPal's stock performance
    Sources used for this update (11)
    1. Bloomberg — Advent, Stripe Consortium Is Said to Drop Pursuit of PayPal
    2. Yahoo Finance — Why Is PYPL Stock Crashing Nearly 12% Overnight?
    3. Reuters — Advent, Stripe consortium is said to drop pursuit of PayPal, Bloomberg News reports
    4. Investor's Business Daily — PayPal Dives As Advent-Stripe Group Said To Drop Pursuit Of Payments Giant
    5. Axios — Stripe and Advent end PayPal pursuit
    6. Yahoo Finance — PayPal Holdings (PYPL) Is in Talks to Sell Itself. Here’s How Far it’s Fallen
    7. Investing.com — Advent, Stripe drop $50 bln pursuit of PayPal, Bloomberg reports
    8. www.ibtimes.sg — Why Is PYPL Stock Down Today? PayPal Shares Plunge After $53 Billion Buyout Bid Collapses
    9. www.rttnews.com — Advent, Stripe Reportedly Drop PayPal Pursuit; PayPal Shares Drop
    10. www.aol.com — PayPal shares sink on reports Advent-Stripe consortium walks away from bid
    11. www.fool.com — Stock Market Today, Aug. 28: PayPal Falls 13% After Stripe and Advent Abandon $50B Takeover
    confidence 98%
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