Stripe and Advent Drop $53 Billion Bid for PayPal

Stripe and Advent International have given up on buying PayPal, Bloomberg reported on August 28, 2026. Their offer of $60.50 per share valued PayPal at over $53 billion, which would have made it one of the biggest company takeovers on record. PayPal turned down the July offer, then its stock rose 40% after reporting better-than-expected earnings. Neither buyer has said why they walked away.