US Stocks Move | Rumors Suggest Stripe Halts Acquisition Plans, PayPal (PYPL.US) Drops Over 11%
智通财经2026/08/28 14:16Show original
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```htmlIt has been reported by Zhito Finance APP that on Friday, PayPal (PYPL.US) opened sharply lower by about 14%. As of the time of writing, the decline narrowed to 11.4%, with shares priced at $54.53. In terms of news, media outlets cited sources indicating that a consortium comprising the private equity firm Advent International and digital payment super-giant Stripe has officially abandoned its bid to acquire PayPal. Previously, the consortium had offered $60.50 per share, totaling about $53 billion, but the PayPal board rejected the offer due to undervaluation. Compared to PayPal's historic peak valuation of about $360 billion during the boom in online payments amid the global COVID-19 pandemic in 2021, this offer was only a small fraction of that amount.```
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