2 hours ago - Business
Stripe and Advent end PayPal pursuit
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Stripe and private equity firm Advent International have ended their $53 billion pursuit of PayPal, as first reported by Bloomberg and confirmed by Axios.
Why it matters: It would have been the largest fintech acquisition ever.
By the numbers: PayPal shares closed Thursday at $61.47, above the $60.50 per share offered by Stripe and Advent.
Catch up quick: Stripe last week agreed to pay $8 billion for AI model marketplace OpenRouter, but a source said that the OpenRouter and PayPal deals were operating on independent tracks.
