PayPal stock plunged Friday on a report that an Advent-Stripe consortium has dropped their efforts to buy the digital payments giant. Privately held payments firm Stripe and private equity firm Advent had given up their pursuit of PayPal (PYPL), Bloomberg reported Thursday night, citing sources. The group reportedly bid $60.50 a share, or $53 billion, for PayPal in mid-July. PayPal's…
PayPal Dives As Advent-Stripe Group Said To Drop Pursuit
The digital payments giant had soared in mid-July on initial takeover buzz.
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