11:00 - 29.08.2026

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August 29, Fineko/abc.az. PayPal shares fell 12% to $54.26 in morning trading on Friday following reports that the consortium comprising private equity firm Advent International and payment processor Stripe had abandoned its takeover plans.

The consortium had previously submitted a $60.50-per-share offer valuing PayPal at approximately $53 billion in July, which PayPal's board deemed inadequate. Valuation disagreements between the parties and potential regulatory hurdles ultimately led the group to walk away from the deal.

Market focus now shifts to the ongoing turnaround strategy under new CEO Enrique Lores.