Topic

PayPal

3 written stories · 9 tracked

Tech3 outlets

Stripe-led group is reportedly abandoning its PayPal acquisition

Stripe and its consortium have dropped plans to acquire PayPal, ending a pursuit that once targeted a multibillion-dollar transaction. The group had previously proposed a $60.50-per-share offer, which would have valued PayPal at roughly $53 billion. The abandonment marks a decisive shift away from the earlier acquisition strategy.

Hacker News·TechMeme·Engadget

Tech3 outlets

Stripe is reportedly in talks to buy PayPal

PayPal is currently engaged in negotiations to be acquired by a consortium that includes Stripe and Advent, with discussions intensifying among the parties. The consortium has reportedly offered a purchase price of $60.50 per

TechMeme·TechCrunch·Engadget

Tech3 outletsover 12h

Sources: Stripe and PE firm Advent International have jointly offered $60.50/share to acquire PayPal, a 28% premium to Tuesday's close, valuing it at $53B+ (Milana Vinn/Reuters)

Stripe and Advent International have jointly submitted an offer to acquire PayPal at $60.50 per share, representing a roughly 28 percent premium to the stock’s Tuesday closing price. The bid values the payment-services company at more than $53 billion.

TechMeme·The Next Web·TechCrunch