Stock Market Today, Aug. 28: PayPal Falls 13% After Stripe and Advent Abandon $50B Takeover

Why it matters

The abandonment of a $50 billion takeover bid for PayPal by Stripe and Advent is notable market activity affecting a major fintech company, but it is primarily a corporate event with limited direct impact on credit markets or broader financial conditions.

Sources

• The Motley Fool

  Stock Market Today, Aug. 28: PayPal Falls 13% After Stripe and Advent Abandon $50B Takeover

  Shares plunged 12.71% on Friday as the reported acquisition pursuit collapsed, removing deal premium support, today, Aug. 28, 2026.

• Nasdaq

  Stock Market Today, Aug. 28: PayPal Falls 13% After Stripe and Advent Abandon $50B Takeover

  PayPal Holdings (NASDAQ:PYPL), a digital payments and consumer/merchant transaction platform, closed at $53.66, down 12.71%. Shares fell after reports Stripe and Advent abandoned their reported roughly $50 billion takeover pursuit; investors are watching turnaround execution. Tra