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Advent, Stripe Abandon $50 Billion Pursuit of PayPal

Source: pymnts.com

M&A & RestructuringFintechInvestor Sentiment & Positioning
Advent, Stripe Abandon $50 Billion Pursuit of PayPal

Reports say Advent International and Stripe have walked away from their potential PayPal buyout, ending months of speculation about a deal that would have been among the largest leveraged buyouts ever. The withdrawal increases deal uncertainty and is likely a near-term negative for deal-driven sentiment around PayPal.

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moderately negative

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-0.45

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PYPL-0.70

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