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Advent and Stripe Consortium Abandons $50 Billion PayPal Takeover Bid
A bidding group comprising private equity firm Advent International and payment processor Stripe has officially withdrawn its proposed $50 billion acquisition offer for PayPal. The decision ends months of speculation regarding a major corporate restructuring in the digital payments sector.
28 Aug, 01:32 — 28 Aug, 02:26
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High (51/100)4 sources30/33
Spectrum spread— 2/5 buckets covered8/33
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Geographic diversity— 3 regions13/34
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bloombergHigh3h 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-malaysiaMixed2h 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: 4 · 1h|Window: 1h
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