PayPal drops sharply after Stripe and Advent end pursuit of $53B+ deal
đ According to Bloomberg, the Stripe and Advent International consortium has stopped pursuing its proposed acquisition of PayPal after weeks of negotiations. The group had previously offered $60.50 per share, valuing the company at more than $53 billion.
đ” PayPal closed on August 27 at $61.47, already above the offer price. Its board had also viewed the proposal as insufficient and raised concerns over financing and regulatory hurdles.
đ Following reports that the consortium had stepped away, PayPal shares fell around 12â15% in August 28 trading. The move largely reflects the removal of the M&A premium that had been built into the stock.
â ïž Bloomberg cited people familiar with the matter, while PayPal, Stripe and Advent declined to comment. The situation could still change, and a future return to negotiations has not been completely ruled out.
#PayPal $PYPLB
đ According to Bloomberg, the Stripe and Advent International consortium has stopped pursuing its proposed acquisition of PayPal after weeks of negotiations. The group had previously offered $60.50 per share, valuing the company at more than $53 billion.
đ” PayPal closed on August 27 at $61.47, already above the offer price. Its board had also viewed the proposal as insufficient and raised concerns over financing and regulatory hurdles.
đ Following reports that the consortium had stepped away, PayPal shares fell around 12â15% in August 28 trading. The move largely reflects the removal of the M&A premium that had been built into the stock.
â ïž Bloomberg cited people familiar with the matter, while PayPal, Stripe and Advent declined to comment. The situation could still change, and a future return to negotiations has not been completely ruled out.
#PayPal $PYPLB
