Stripe and Advent withdraw $60.50-per-share PayPal acquisition bid

1. 1Stripe and Advent International have abandoned their acquisition of PayPal (PYPL) and stepped away
2. 2The $60.50-per-share offer was based on the value before acquisition reports, and PayPal viewed its subsequent stock gains as due to its own results, deeming the bid too low
3. 3Disagreement over what drove the share rally ended the talks, and what would have been the payments industry's largest merger collapsed over price differences

Source Axios · View original ↗

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