bloomberg.com

Advent and Stripe End Talks to Buy PayPal After $50B Offer

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Sig2.60Sen-1.88Env0.00Soc-0.86Gov-0.33

A consortium involving Advent and payment company Stripe has decided to abandon its pursuit of PayPal Holdings. The group is no longer seeking a deal, after previously offering more than $50 billion, according to people familiar with the matter. The potential transaction was described as one of the biggest-ever leveraged buyouts.

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