Bearish
PayPal's stock drops 12.7% to $53.66 after $53B acquisition bid collapses
PayPal's stock declined by 12.7% to $53.66 following the abandonment of a $53 billion acquisition bid by Stripe and Advent International. The consortium had offered $60.50 per share, but PayPal's board deemed it inadequate, leading to the withdrawal. This development has prompted investors to reassess PayPal's valuation and future prospects.
Key points
- Acquisition bid of $60.50 per share abandoned, leading to a 12.7% stock decline.
- Beacon Pointe Advisors LLC acquires a $6.47 million stake in PayPal.
- Equitable Holdings Inc. purchases 15,400 shares of PayPal, valued at approximately $665,000.
Sources
- Stripe and Advent end PayPal pursuitAxios · August 28, 2026
- PayPal stock tumbles 12% after-hours, here’s whyInvesting.com · August 27, 2026
- PayPal Stock Falls 12.7%, Erasing $6.9 Billion as $53 Billion Bid CollapsesTS2.tech · August 30, 2026
- PayPal shares fall after report Advent, Stripe consortium abandons takeover pursuitReuters · August 28, 2026
AI-generated from public news sources. Not financial advice.
