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Why Stripe and Advent walked away from the $53 billion PayPal takeover
Originally published on TechTrends KE
The PayPal takeover bid from Stripe and Advent International has collapsed, ending negotiations over a proposed transaction worth more than $53 billion and leaving PayPal to make the case for its value as an independent company. The consortium had offered $60.
50 per share, backed by roughly $50 billion in committed bank financing, but PayPal’s board … The post Why Stripe and Advent walked away from the $53 billion PayPal takeover appeared first on TechTrendsKE .
This article continues with more details and analysis.
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