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The Economic Times
The Economic Times

PayPal shares crash 13% on reports Advent-Stripe consortium walks away from bid

PayPal Stripe Advent International Enrique Lores

PayPal shares fell 13% in morning trading on Friday, after reports that a consortium of buyout firm Advent International and payment processor Stripe had abandoned plans to buy the fintech ‌pioneer.

The group is ⁠no ⁠longer pursuing a deal for PayPal, a person familiar with the matter said, requesting anonymity to discuss confidential information.

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