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● TRACKER Updated 17d ago · 6 sources tracked

PayPal shares sink on reports Advent-Stripe consortium walks away from bid

PayPal shares fell between 15% and 16% in premarket trading after a consortium consisting of Advent and Stripe abandoned its pursuit of the company. The collapse of the acquisition plan follows reports that the consortium walked away from the deal. While some reports value the abandoned buyout at $50 billion, others indicate the PayPal board rejected a $53 billion offer because they declined to engage with that specific price.

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  • ✓ PayPal shares dropped between 15% and 16% following reports that Advent and Stripe abandoned their takeover plan.
  • ✓ A consortium comprising Advent and Stripe has dropped its pursuit of PayPal.
🛡️ Source Corroboration: 6 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

Reports confirm the Advent and Stripe consortium has dropped its pursuit of PayPal.

Live updates

  1. PayPal shares drop after Advent and Stripe abandon takeover bid

    PayPal shares fell between 15% and 16% in premarket trading after a consortium consisting of Advent and Stripe abandoned its pursuit of the company. The collapse of the acquisition plan follows reports that the consortium walked away from the deal. While some reports value the abandoned buyout at $50 billion, others indicate the PayPal board rejected a $53 billion offer because they declined to engage with that specific price.

    Why it matters

    The potential acquisition would have merged PayPal with major fintech players. The failure of the deal leaves CEO Enrique Lorenzoni to lead the company independently. Market volatility followed the news as investors reacted to the lost buyout premium.

    What is confirmed

    • PayPal shares dropped between 15% and 16% following reports that Advent and Stripe abandoned their takeover plan.
    • A consortium comprising Advent and Stripe has dropped its pursuit of PayPal.

    Still unconfirmed

    • The abandoned buyout was valued at $50 billion.

    What to watch next

    • Official statement from PayPal regarding the failed negotiations
    • Further premarket or opening bell trading volume for PayPal shares
    Sources used for this update (6)
    1. Bloomberg — Advent, Stripe Consortium Is Said to Drop Pursuit of PayPal
    2. Barron's — PayPal Stock Dives as Stripe’s Takeover Bid Collapses. 2 Reasons It Can Bounce Back.
    3. WSJ — PayPal Shares Dive Premarket on Report of Advent, Stripe Abandoning Takeover Plan
    4. Yahoo Finance — PayPal Sinks 15% as Stripe and Advent Abandon $50B Buyout, Affirm Soars 13% on ‘Most Profitable Quarter Ever’
    5. Reuters — PayPal shares sink on reports Advent-Stripe consortium walks away from bid
    6. www.martincid.com — PayPal board rejected $53bn — stock falls 16% as Stripe and Advent walk away
    confidence 90%
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