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PayPal Shares Plunge After Stripe Consortium Abandons Takeover Bid

PayPal stock dropped sharply after reports emerged that a consortium led by Stripe and Advent International had withdrawn its proposed $50 billion acquisition offer. Analysts note that while the failed deal triggered immediate sell-offs, the company’s underlying turnaround strategy may still present long-term value.

28 Aug, 01:32 — 28 Aug, 13:08
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The Story

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Sources

Showing 7 of 11 sources
bloombergHigh17h 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

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wsjHigh9h ago

PayPal Shares Dive Premarket on Report of Advent, Stripe Abandoning Takeover Plan - WSJ

PayPal Shares Dive Premarket on Report of Advent, Stripe Abandoning Takeover Plan  WSJ

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Barron'sHigh5h ago

PayPal Stock: As Stripe Takeover Bid Collapses, 2 Reasons Shares Can Bounce Back - Barron's

PayPal Stock: As Stripe Takeover Bid Collapses, 2 Reasons Shares Can Bounce Back  Barron's

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marketwatchMostly Factual7h ago

PayPal’s stock sinks as suitors reportedly walk away from their takeover bid

Reports of a takeover offer have propped up PayPal’s stock in recent months, but now the company may have to execute a turnaround on its own.

By Barbara Kollmeyer

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irish-independent9h ago

Stripe consortium abandons $50bn pursuit of PayPal

By Ryan Gould and Paige Smith

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investing-com5h ago

PayPal sinks as Stripe deal collapses: Should investors buy the dip below $55?

By Investing.com

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star-malaysiaMixed16h 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

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