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● TRACKER Updated 17d ago · 5 sources tracked

Stripe, Advent abandon pursuit to acquire PayPal: report (PYPL:NASDAQ)

A consortium led by Stripe and Advent has dropped its pursuit to acquire PayPal, according to multiple reports. This development has caused PayPal's stock to dive, with a 15% decline reported. The acquisition would have been valued at around $50 billion.

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  • ✓ PayPal's stock price declined significantly following the report of the abandoned acquisition.
  • ✓ The acquisition would have been valued at around $50 billion.
  • ✓ Stripe and Advent led a consortium to acquire PayPal.
🛡️ Source Corroboration: 5 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

The consortium led by Stripe and Advent has abandoned its plan to acquire PayPal, as reported by multiple sources.

Live updates

  1. Stripe and Advent Abandon Pursuit to Acquire PayPal

    A consortium led by Stripe and Advent has dropped its pursuit to acquire PayPal, according to multiple reports. This development has caused PayPal's stock to dive, with a 15% decline reported. The acquisition would have been valued at around $50 billion.

    Why it matters

    The abandoned acquisition has significant implications for the financial technology sector. PayPal is a major player in the online payment industry, and the potential change in ownership had been closely watched. Stripe is a prominent payment processing company, and Advent is a private equity firm. The collapse of the takeover bid has left PayPal's future plans and stock performance uncertain.

    What is confirmed

    • PayPal's stock price declined significantly following the report of the abandoned acquisition.
    • The acquisition would have been valued at around $50 billion.
    • Stripe and Advent led a consortium to acquire PayPal.

    What to watch next

    • PayPal's future business plans and stock performance
    • Potential new suitors for PayPal
    • Stripe and Advent's future acquisition plans
    Sources used for this update (6)
    1. Bloomberg — Advent, Stripe Consortium Is Said to Drop Pursuit of PayPal
    2. Seeking Alpha — Stripe, Advent abandon pursuit to acquire PayPal: report (PYPL:NASDAQ)
    3. Barron's — PayPal Stock Dives as Stripe’s Takeover Bid Collapses. 2 Reasons It Can Bounce Back.
    4. WSJ — PayPal Shares Dive Premarket on Report of Advent, Stripe Abandoning Takeover Plan
    5. Yahoo Finance — PayPal Sinks 15% as Stripe and Advent Abandon $50B Buyout, Affirm Soars 13% on ‘Most Profitable Quarter Ever’
    6. Yahoo Finance — Why PayPal (PYPL) Shares Are Plunging Today
    confidence 95%
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