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PayPal shares crash 13% on reports Advent-Stripe consortium walks away from bid
PayPal shares fell 13% after Advent International and Stripe reportedly abandoned plans to acquire the payments giant. The consortium had offered $60.50 per share, valuing PayPal at about $53 billion. Valuation concerns and regulatory hurdles reportedly derailed the deal, adding pressure to the company's ongoing turnaround efforts.
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forbes.com
PayPal Stock Falls 15% After Buyout Reportedly Falls Through
PayPal shares fell as much as 16% in premarket trading Friday after Bloomberg reported that Stripe and Advent International abandoned their pursuit of the company.
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cryptobriefing.com
Stripe consortium reportedly drops pursuit of PayPal after board rejects $53B bid
Stripe and Advent International withdrew their $53 billion bid for PayPal after the board rejected the $60.50 per share offer as insufficient.
