PayPal tumbles after report Advent-Stripe consortium drops takeover pursuit

PayPal Holdings

28/08/2026 10:40

** Payments company PayPal's shares PYPL.O fall 13% to $53.5 premarket
** A consortium of buyout firms Advent and Stripe has dropped its pursuit of the co, Bloomberg News reports
** The consortium had reportedly offered $60.50 per share, which valued PYPL at more than $53 billion
** PayPal's board viewed the takeover bid as inadequate, per prior reports
** The bid came as co was struggling to compete with rivals and sought to revive its flagging share price
** Nine of 46 brokerages rate the stock "buy" or higher, 34 "hold" and three "sell"; median PT is $59 - LSEG data
** As of last close, stock up 5.3% YTD, compared with a 14.2% increase in the Nasdaq composite index .IXIC

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thomsonreuters.com))