Sentiment: Negative
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PayPal (PYPL) Stock Drops 13% As Stripe-Advent Consortium Walks Away
By Trader Edge at 2026-09-15 23:12
Sentiment: Negative
TLDR PayPal stock fell over 12% in premarket trading after Stripe and Advent International abandoned their $60.50-per-share takeover bid The consortium’s offer valued PayPal at roughly $53 billion, far below its 2021 pandemic-era peak of ~$360 billion PayPal’s board had previously rejected the bid as inadequate, with analysts noting it was less than 9x free [...] The post PayPal (PYPL) Stock Drops 13% As Stripe-Advent Consortium Walks Away appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central