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Stripe and Advent End Reported $53B Pursuit of PayPal

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Stripe and Advent International have ended their reported $53 billion pursuit of PayPal, with no acquisition agreement, shareholder vote, or closing announced. Earlier reporting described a $60.50-per-share proposal backed by about $50 billion in committed bank financing. Subsequent accounts said the consortium was no longer pursuing the deal, and PayPal, Stripe and Advent declined to comment.

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