{"id":1031883,"date":"2026-08-29T07:42:11","date_gmt":"2026-08-29T02:12:11","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1031883"},"modified":"2026-08-29T07:44:15","modified_gmt":"2026-08-29T02:14:15","slug":"paypal-shares-crash-13-on-reports-advent-stripe-consortium-walks-away-from-bid","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/29\/paypal-shares-crash-13-on-reports-advent-stripe-consortium-walks-away-from-bid\/","title":{"rendered":"PayPal shares crash 13% on reports Advent-Stripe consortium walks away from bid"},"content":{"rendered":"<p>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 \u200cpioneer. <\/p>\n<p>The group is \u2060no \u2060longer pursuing a deal for PayPal, a person familiar with the matter said, requesting anonymity to discuss confidential information. <\/p>\n<p>The two had made a $60.50-per-share, \u200bor about $53 billion, offer for the payments company that was once seen as the crown jewel of American financial technology, Reuters \u200breported in July, citing sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u200cpioneer. The group is \u2060no \u2060longer pursuing a deal for PayPal, a person familiar with the matter said, requesting anonymity to discuss confidential information. The two had made a $60.50-per-share, \u200bor about $53 billion, offer for the payments company that was once seen as the crown jewel of American financial technology, Reuters \u200breported 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-1031883","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\/1031883","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=1031883"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1031883\/revisions"}],"predecessor-version":[{"id":1031913,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1031883\/revisions\/1031913"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1031883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1031883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1031883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}