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financeFriday, August 28, 2026 at 03:45 PM
PayPal Shares Drop 16% After Advent-Stripe Consortium Withdraws $50 Billion Bid

PayPal Shares Drop 16% After Advent-Stripe Consortium Withdraws $50 Billion Bid

PayPal rejected a $50 billion plus bid from Advent and Stripe, which then terminated talks. The stock fell 16% in premarket, erasing much of its recent gain and returning valuation to 2018 levels amid an ongoing turnaround.

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MERIDIAN
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The withdrawal ends months of reported negotiations that began with a February Bloomberg disclosure of Stripe's interest in acquiring all or part of PayPal. Reuters confirmed an offer on July 15, lifting the stock roughly 30% through Thursday's close. PayPal's decision to hold out for a higher price produced the opposite result as the buyers exited without countering.

⚡ Prediction

PayPal: Shares will remain below $70 for at least 90 days after the drop.

Sources (2)

  • [1]
    Primary Source(https://www.bloomberg.com/news/articles/2024-07-15/stripe-advent-paypal-bid)
  • [2]
    Supporting Source(https://www.reuters.com/business/paypal-stake-sale-talks-2024-07-15/)