Advent and Stripe end reported $50 billion pursuit of PayPal, sending shares lower

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.

PayPal Crashes After Advent, Stripe Abandon $50 Billion Takeover Bid PayPal shares plunged as much as 16% in premarket trading Friday, the most in months if the losses hold through the cash session, after a consortium led by private-equity firm Advent International and payments giant Stripe abandoned its takeover bid for the struggling payment processor. Bloomberg reports that the consortium offered more than $50 billion for PayPal in what would have been one of the largest leveraged buyouts in history. As per the report: The group is no longer pursuing a deal for PayPal, the people said, asking not to be identified because the information is private. It had previously offered more than $50 billion for the company, people with knowledge of the matter have said. PayPal reportedly rejected the $50 billion offer, betting that Advent and Stripe would return to the negotiating table with a higher price. Instead, the consortium walked away.  Takeover interest in PayPal first came to light in a February Bloomberg article, which reported that Stripe was considering acquiring all or part of PayPal. Reuters then reported on July 15 that an offer had been made, helping to catapult the stock up roughly 30% (as of Thursday's close).  News this morning that the consortium has walked away sent shares crashing as much as 16%, threatening to wipe out much of the stock's gains over the past month and a half. Meanwhile, PayPal is in the middle of a turnaround strategy and has brought in the former CEO of HP. The stock is trading at 2018 levels. Tyler Durden Fri, 08/28/2026 - 07:45

PayPal stock tumbled as much as 16% in premarket trading Friday after the consortium walked away from what would have been one of the largest leveraged buyouts ever

The blockbuster PayPal buyout could be off. Advent International and Stripe have reportedly walked away from their pursuit of the payments pioneer, ending months of speculation over a deal that would have ranked among the largest leveraged buyouts ever. PayPal shares tumbled as much as 16% in premarket trading Friday, a sharp reversal for a […] The post Advent, Stripe Abandon $50 Billion Pursuit of PayPal appeared first on PYMNTS.com.

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.