GoKawiil
Tech News
Stripe and private equity firm Advent International have abandoned a proposed $50 billion takeover offer for PayPal, according to reports. The deal, which would have been one of the largest fintech acquisitions in history, will not proceed.
Stripe and private equity firm Advent have dropped their pursuit of acquiring PayPal, according to people familiar with the matter cited by Bloomberg. The pair had reportedly offered around $53 billion in July when PayPal shares were depressed, but PayPal rejected the bid and was said to be awaiting a higher offer before the talks collapsed.