[BUSINESS]■ STORY TIMELINE

ADVENT, STRIPE END PAYPAL ACQUISITION TALKS

A consortium of private equity firm Advent and payment processor Stripe has abandoned its bid to acquire PayPal Holdings Inc. The group had offered $60.50 per share, valuing the fintech giant at approximately $53 billion.

3 SOURCESFIRST SEEN AUG 28, 01:32 AM► READ THE ARTICLE

Bloomberg Tech+0m

PayPal Deal Talks End as Advent, Stripe Group Abandons Acquisition Effort

A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer Pa…

Hacker News+25m

Stripe said to abandon $50B pursuit of PayPal

https://archive.ph/qdE54 Comments URL: https://news.ycombinator.com/item?id=49473483 Points: 107 # Comments: 68

Techmeme+57m

Sources: Advent and Stripe are no longer pursuing a deal to acquire PayPal; the group offered to pay $60.50/share in July, valuing PayPal at $53B (Bloomberg)

Bloomberg: Sources: Advent and Stripe are no longer pursuing a deal to acquire PayPal; the group offered to pay $60.50/s…

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