{"id":1031693,"date":"2026-08-28T07:58:57","date_gmt":"2026-08-28T02:28:57","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1031693"},"modified":"2026-08-28T08:02:35","modified_gmt":"2026-08-28T02:32:35","slug":"advent-stripe-consortium-is-said-to-drop-pursuit-of-paypal","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/28\/advent-stripe-consortium-is-said-to-drop-pursuit-of-paypal\/","title":{"rendered":"Advent, Stripe consortium is said to drop pursuit of PayPal"},"content":{"rendered":"<p>A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal, Bloomberg News reported on Thursday, citing people familiar with the \u200cmatter. <\/p>\n<p>Reuters could \u2060not \u2060immediately verify the report. PayPal and Stripe declined \u200bto comment, while Advent could not immediately be reached \u200bfor comment outside regular business hours. <\/p>\n<p>The payments company, once the crown jewel of American financial technology, received a $60.50-per-share \u2060bid from \u200cStripe and private equity firm Advent International, which valued it at \u2060more than $53 billion, Reuters reported in July, citing sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal, Bloomberg News reported on Thursday, citing people familiar with the \u200cmatter. Reuters could \u2060not \u2060immediately verify the report. PayPal and Stripe declined \u200bto comment, while Advent could not immediately be reached \u200bfor comment outside regular business hours. The payments company, once the crown jewel of American financial technology, received a $60.50-per-share \u2060bid from \u200cStripe and private equity firm Advent International, which valued it at \u2060more than $53 billion, Reuters reported in July, citing sources.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1031693","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1031693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1031693"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1031693\/revisions"}],"predecessor-version":[{"id":1031696,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1031693\/revisions\/1031696"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1031693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1031693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1031693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}