Advent, Stripe Are Said to Abandon $50 Billion Pursuit of PayPal
What happened
A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal Holdings Inc., according to people familiar with the matter.
Summary assembled by rule from the sources below
Why it's spreading
Timeline
- First appeared on Bloomberg TechnologyBloomberg Technology
- Discussion started on Hacker NewsHacker News
Sources
News
- Advent, Stripe Are Said to Abandon $50 Billion Pursuit of PayPalBloomberg Technology