A consortium led by Advent International and Stripe has reportedly decided to stop pursuing a potential acquisition of PayPal.
Key facts
- •The consortium included buyout firm Advent International and payment processor Stripe.
- •The report of the abandoned pursuit was published by Bloomberg News.
- •The information was attributed to people familiar with the matter.
- •Reuters could not immediately verify the report.
A consortium consisting of the buyout firm Advent International and the payment processor Stripe has abandoned its pursuit of fintech company PayPal. The report, which cited people familiar with the matter, was published by Bloomberg News on Thursday.
Report details
The decision to drop the pursuit of PayPal was reported on August 27. Reuters noted that it could not immediately verify the report regarding the consortium's change in plans.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Channel NewsAsia.
