PayPal Shares Fall 12.7% as Stripe, Advent Reportedly Drop Takeover Bid

Advent International and Stripe have reportedly ended their pursuit of PayPal after making an offer worth more than US$50 billion. Bloomberg reported the decision, citing unnamed people familiar with the matter. The bidders could still revive their interest at a later stage. Reuters reported in July that Stripe and Advent had offered US$60.50 per share, [...] The post PayPal Shares Fall 12.7% as Stripe, Advent Reportedly Drop Takeover Bid appeared first on Fintech Singapore.