PayPal Tumbles 16% as $50 Billion Stripe-Advent Buyout Collapses
PUBLISHED Aug 28, 2026, 7:09 AM ET
PayPal Holdings Inc. shares slumped 16 percent in premarket trading on Friday, August 28, 2026, after a consortium comprising Advent International and Stripe abandoned a $50 billion buyout bid. The group had offered $60.50 per share in July, representing a 28 percent premium over PayPal's prior trading price and ranking among the largest debt-funded acquisitions in financial technology history. PayPal's board rejected the offer as inadequate, targeting a valuation near $70 per share. Following weeks of discussions through mid-August, the buying consortium declined to increase its bid and withdrew entirely. The development leaves newly appointed Chief Executive Enrique Lores to execute a standalone turnaround strategy, which includes reorganizing into separate business units and cutting $1.5 billion in costs. Stripe elected to pursue alternative strategic priorities, including AI infrastructure expansion. Meanwhile, investor prediction markets on Polymarket lowered the implied probability of a 2026 buyout deal from 70 percent down to 10 percent.
By Daniel Hayes | JQJO News
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publication_date: August 28, 2026 trigger_description: Bloomberg reported consortium abandoned PayPal pursuit on August 27. https://www.bloomberg.com/news/articles/2026-08-28/advent-stripe-consortium-is-said-to-drop-pursuit-of-paypal
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