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Stripe and Advent International Abandon $50 Billion Bid for PayPal
A consortium comprising payment processor Stripe and private equity firm Advent International has officially withdrawn its pursuit of PayPal. The decision ends months of speculation regarding a major takeover of the digital payments company.
28 Aug, 01:32 — 28 Aug, 02:26
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Source Diversity
High (58/100)6 sources33/33
Spectrum spread— 2/5 buckets covered8/33
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Center (3)
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Right (3)
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Geographic diversity— 4 regions17/34
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bloombergHigh7h ago
Advent, Stripe Consortium Is Said to Drop Pursuit of PayPal
A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal Holdings Inc., according to people familiar with the matter.
By Ryan Gould and Paige Smith
Read full article →star-malaysiaMixed6h ago
Advent, Stripe consortium is said to drop pursuit of PayPal, Bloomberg News reports - The Star
Advent, Stripe consortium is said to drop pursuit of PayPal, Bloomberg News reports The Star
Read full article →Coverage Timeline
First report: bloomberg · 28 Aug, 01:32|Full coverage: 6 · 3h|Window: 3h
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