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Market Impact: 0.2
Advent, Stripe Consortium Is Said to Drop Pursuit of PayPal
Source: Bloomberg
FintechM&A & RestructuringCompany FundamentalsInvestor Sentiment & Positioning
Advent and Stripe have decided to abandon their pursuit of PayPal, per people familiar with the matter. While no financial terms were disclosed, the breakup of the proposed deal is a negative signal for deal-driven sentiment around PayPal and is likely to have modest single-stock impact.
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