Advent, Stripe Consortium Is Said to Drop Pursuit of PayPal, Bloomberg News Reports

Advent, Stripe consortium is said to drop pursuit of PayPal, Bloomberg News reports

A consortium of buyout firm Advent and payment processor Stripe ​has decided to abandon its pursuit of fintech pioneer ‌PayPal , Bloomberg News reported on Thursday, citing people familiar with the matter.

Advent, Stripe abandon $63.5b pursuit of fintech pioneer PayPal

PayPal has struggled with modernising its payment technologies as rivals have seized market share. Read more at straitstimes.com.

PayPal Dives As Advent-Stripe Group Said To Drop Pursuit

PayPal stock dived overnight after the Advent-Stripe consortium reportedly dropped their pursuit of the digital payments giant.

Advent, Stripe Consortium Is Said to Drop Pursuit of PayPal

A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal Holdings Inc., according to people familiar with the matter.

Stripe consortium reportedly drops pursuit of PayPal after board rejects $53B bid

The failed acquisition highlights the challenges of valuing fintech giants and may signal a cautious approach to future large-scale consolidations. The post Stripe consortium reportedly drops pursuit of PayPal after board rejects $53B bid appeared first on Crypto Briefing.