Paypal Stock Eyes Worst Day Since February on M&A Fumble

PayPal (PYPL) shares are down 11.1% to $54.62 after a Bloomberg report said Advent and Stripe ended acquisition talks despite offering more than $50B. The deal talks breaking down likely reduces takeover optionality and weighed on sentiment. A ~5%+ immediate move suggests material near-term impact for the stock, though not a broad market catalyst.