Stripe and Advent Abandon $53 Billion PayPal Acquisition Pursuit

Stripe and Advent International have dropped their pursuit of acquiring PayPal, Bloomberg reported on August 28, 2026. The proposed deal, worth over $53 billion at $60.50 per share, would have ranked among the largest leveraged buyouts ever. PayPal rejected the July offer; its shares subsequently rose 40% on better-than-expected quarterly results. Neither Stripe nor Advent has publicly explained the withdrawal.