{
  "id": 3876584,
  "title": "Advent, Stripe abandon US$50 billion pursuit of PayPal: Bloomberg",
  "url": "https://urgent.news/2026/08/28/advent-stripe-abandon-us-50-billion-pursuit-of-paypal-bloomberg",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T03:10:40.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/advent-stripe-abandon-us50-billion-pursuit-paypal-bloomberg"
  },
  "original_language": "en",
  "account": "PayPal has faced challenges in modernizing its payment technologies as competitors like Apple and Alphabet have gained market share, according to people familiar with the situation. A consortium led by buyout firm Advent and payment processor Stripe has decided to withdraw from their pursuit of fintech giant PayPal, which would have been one of the largest leveraged buyouts ever, according to individuals with knowledge of the matter. The group had previously offered over US$50 billion for the company. Founded in the late 1990s, PayPal has been an early entrant in digital payments but has struggled to keep up with technology advancements. The takeover interest, along with strong second-quarter earnings that exceeded analyst expectations, has helped PayPal recover. The company's shares have surged more than 40% this quarter, giving it a market value of around US$52.6 billion. In March, PayPal replaced its former CEO Alex Chriss with Enrique Lores. Lores aims to set specific financial targets for PayPal, alter the way the company reports earnings, and assign revenue goals to each business unit to provide clearer insights for investors. Bloomberg News first reported in February that Stripe was considering acquiring a portion or all of PayPal following a drop in its stock price. Both PayPal and the consortium can potentially re-enter the negotiations at a later time if circumstances change. The companies have not commented on the situation.",
  "summary": "PayPal has struggled with modernising its payment technologies as rivals seized market share",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Advent, Stripe consortium is said to drop pursuit of PayPal, Bloomberg News reports",
        "url": "https://urgent.news/2026/08/28/advent-stripe-consortium-is-said-to-drop-pursuit-of-paypal-bloomberg",
        "published": "2026-08-28T01:50:49.000Z"
      },
      {
        "outlet": "Economic Times Tech",
        "title": "Advent, Stripe consortium is said to drop pursuit of PayPal",
        "url": "https://urgent.news/2026/08/28/advent-stripe-consortium-is-said-to-drop-pursuit-of-paypal",
        "published": "2026-08-28T02:20:57.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Advent, Stripe drop $50 bln pursuit of PayPal, Bloomberg reports",
        "url": "https://urgent.news/2026/08/28/advent-stripe-drop-50-bln-pursuit-of-paypal-bloomberg-reports",
        "published": "2026-08-28T02:37:45.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Advent, Stripe abandon $63.5b pursuit of fintech pioneer PayPal",
        "url": "https://urgent.news/2026/08/28/advent-stripe-abandon-63-5b-pursuit-of-fintech-pioneer-paypal",
        "published": "2026-08-28T02:45:00.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Stripe, Advent abandon pursuit to acquire PayPal: report",
        "url": "https://urgent.news/2026/08/28/stripe-advent-abandon-pursuit-to-acquire-paypal-report",
        "published": "2026-08-28T04:39:22.000Z"
      },
      {
        "outlet": "Handelsblatt",
        "title": "Zahlungsdienst: Advent und Stripe geben offenbar Übernahme von Paypal auf",
        "url": "https://urgent.news/2026/08/28/zahlungsdienst-advent-und-stripe-geben-offenbar-ubernahme-von-paypal",
        "published": "2026-08-28T04:41:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}