Stripe And Advent Abandon $53B Takeover Bid For PayPal
Deals·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Stripe and its private-equity partner Advent have walked away from negotiations to acquire PayPal for $53 billion. This follows a previous rejection by PayPal of the initial offer, which had led to the collapse of talks two weeks ago.
The attempted takeover was poised to be a record acquisition in the fintech sector, but the renewed discussions have now ended without a deal. PayPal's stock has been negatively impacted by the news of the failed acquisition attempt.
PayPalStripeAdvent
Sources
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SourceReports the news
“PayPal (PYPL) Hit After Stripe, Advent Drop $53B Planned Takeover”
Yahoo Finance — PayPal (PYPL) Hit After Stripe, Advent Drop $53B Planned Takeover“Two weeks after reviving negotiations that ended when PayPal rejected a $53 billion offer, Stripe and its private-equity partner are walking away from what could have been a record fintech acquisition.”
inc. — Stripe’s Attempted Takeover of PayPal Has Collapsed—Again