PayPal shares sink on reported collapse of Stripe-Advent takeover deal
Shares in PayPal plummeted more than 13% on Friday on reports that Stripe and Advent International have pulled out of their takeover bid for the payments giant.
Shares in PayPal plummeted more than 13% on Friday on reports that Stripe and Advent International have pulled out of their takeover bid for the payments giant.
BELLINGS Intelligence Score: 30
Why it matters
The collapse of the Stripe-Advent takeover bid for PayPal is notable market activity affecting a major payments company and investor sentiment, but it is a private M&A development without immediate systemic or regulatory impact.
Sources
Finextra
PayPal shares sink on reported collapse of Stripe-Advent takeover deal
Shares in PayPal plummeted more than 13% on Friday on reports that Stripe and Advent International have pulled out of their takeover bid for the payments giant.