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Asia

PayPal shares crash 13% on reports Advent-Stripe consortium walks away from bid

Markets-Economic Times · 1h ago · 🇮🇳 India

PayPal shares crash 13% on reports Advent-Stripe consortium walks away from bid

PayPal shares fell 13% after Advent International and Stripe reportedly abandoned plans to acquire the payments giant. The consortium had offered $60.50 per share, valuing PayPal at about $53 billion. Valuation concerns and regulatory hurdles reportedly derailed the deal, adding pressure to the company's ongoing turnaround efforts.

Read the full story at Markets-Economic Times →

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