Business
Stripe and Advent Walk Away From $53 Billion PayPal Deal — But the Real Shock May Be What Happens Next
The blockbuster attempt to acquire PayPal has reportedly collapsed. A consortium involving payments giant Stripe and private-equity firm Advent International has decided to abandon its pursuit of PayPal, Bloomberg News reported, citing people familiar with the matter. Reuters subsequently reported the development but cautioned that it could not independently verify Bloomberg's report at the time. Axios later reported that Stripe and Advent had ended their $53 billion pursuit, adding another la
