PANews
PANews|Aug 28, 2026 01:52
[Stripe and Advent Decide to Abandon PayPal Acquisition, Previously Offered Over $50 Billion] According to Bloomberg, a consortium formed by private equity firm Advent International and payment giant Stripe has decided to abandon plans to acquire PayPal. Previously, the consortium had made an acquisition offer exceeding $50 billion to PayPal, with market sources indicating the offer was approximately $53 billion. Insiders, who requested anonymity due to the confidentiality of the information, stated that Advent, Stripe, and PayPal all declined to comment. However, the insiders noted that the situation could still change, and Advent and Stripe may revisit the acquisition proposal in the future.
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