PERSPECTA

News from every angle

← Back to headlines

Advent and Stripe Consortium Withdraws Bid for PayPal

Reports indicate that a consortium led by private equity firm Advent International and payment company Stripe has abandoned its acquisition pursuit of PayPal. The move ends months of speculation regarding a potential takeover of the digital payments giant.

28 Aug, 01:32 — 28 Aug, 01:32
PostShare

Sources

Showing 1 of 3 sources
bloombergHigh1h 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 →

Coverage Timeline

First report: bloomberg · 28 Aug, 01:32Full coverage: 3 · 22mWindow: 22m
Left-leaningCenterRight-leaning
bloomberg28 Aug, 01:32First to report

Advent, Stripe Consortium Is Said to Drop Pursuit of PayPal

channel-news-asia28 Aug, 01:50

Advent, Stripe consortium is said to drop pursuit of PayPal, Bloomberg News reports

investing-com28 Aug, 01:54Latest update

Advent, Stripe consortium is said to drop pursuit of PayPal, Bloomberg News reports

Related Stories

U.S. ICE Proceeds With Purchase of Electric Shock Gloves for Agents

58m ago

Meta’s $17 Billion Teen Mental Health Settlement Draws Criticism and Calls for Reform

1h ago

OpenAI and Anthropic Lead 100-Firm Call for AI Cyber Defense Surge

2h ago

SK Hynix Breaks Ground on $4 Billion AI Chip Facility in Indiana

3h ago