Stripe and Advent reportedly drop $50+ billion bid for PayPal

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 Stripe and Advent reportedly drop $50+ billion bid for PayPal. What might have been the largest fintech acquisition ever looks like it won’t be getting processed after all. Bloomberg reports that PE firm Advent and payment processor Stripe are walking away from their efforts to acquire PayPal, an OG in the payments space. They had reportedly offered more than $50 billion for PayPal. An earlier Wall Street Journal report said PayPal—which has a new CEO, and saw its stock rise amid news of the deal talk and a solid second quarter—had been seeking more money.

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