Stripe and Advent End Reported $53B Pursuit of PayPal
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.