The Stripe-Advent consortium abandoned its pursuit of PayPal on Friday after the board rejected an offer of $60.50 per share as too low, sending the stock down as much as 16% in premarket trading.
Tag: PayPal
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Stripe and Advent Offer $53.4 Billion for PayPal in Largest Fintech Bid on Record
Stripe and Advent International offered $60.50 a share for PayPal — a 28% premium valuing the company at $53.4 billion — sending PayPal stock up 19% in the largest-ever fintech takeover approach.