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Market Impact: 0.25
Advent, Stripe consortium is said to drop pursuit of PayPal, Bloomberg News reports
Source: reuters.com
M&A & RestructuringFintech
Advent and payment processor Stripe have decided to abandon their pursuit of PayPal, according to Bloomberg. The deal is being called off without any announced alternative, which is a mild negative for near-term M&A sentiment around PayPal.
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Overall Sentiment
mildly negative
Sentiment Score
-0.25
Ticker Sentiment
PYPL-0.55
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