EQUIPEngadget · 1h ago
Stripe-led group is reportedly abandoning its PayPal acquisition
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Stripe and private equity firm Advent International have reportedly ceased their pursuit of a PayPal acquisition. This development ends a brief period of speculation regarding a major consolidation in the digital payment processing sector.
- 01Stripe and buyout firm Advent are no longer seeking to acquire PayPal
- 02The decision follows reports from earlier this month regarding a potential takeover
- 03Current reporting indicates a formal withdrawal from the acquisition process
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Stripe and buyout firm Advent are no longer pursuing their acquisition of PayPal as was reported earlier this month.