Stripe and Advent abandoned PayPal for over $50 billion

On 28 August, according to information from sources quoted by Bloomberg, a consortium of private equity companies Advent and Stripe, the payment processor, had decided to abandon the acquisition of PayPal HoldingsInc., a pioneer in financial technology, a potential transaction that could have been one of the largest leverage acquisitions in history. According to sources, the group no longer promotes the purchase of PayPal. According to prior sources, the consortium had offered more than $50 billion. The person concerned requested anonymity because the information had not yet been made public。