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: Stripe
Posted inTech
Stripe Pays Over $7 Billion for OpenRouter, Betting AI Model Routing Becomes Core Infrastructure
Stripe finalised a deal to acquire OpenRouter for more than $7 billion on August 16-17, a 5.4x jump over the AI gateway startup’s May 2026 Series B valuation of $1.3 billion.
Posted inMarkets
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.