Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Stripe-Advent Consortium Abandons $53 Billion PayPal Bid

Guavy AI Editorial Team
Share

PayPal stock plummeted over 12% in premarket trading after Stripe and Advent International dropped their $53 billion takeover bid for the company. The consortium had offered to purchase PayPal at a valuation of $60.50 per share, but the board rejected it as inadequate.

The offer was less than 9x free cash flow, according to Thomas Hayes, portfolio manager at Great Hill Capital, who praised the board's decision, saying it preserved 'meaningful upside' for existing shareholders.

PayPal CEO Enrique Lores has been leading a turnaround effort since March, reorganizing the company into three units: checkout, Venmo, and payments and crypto. The goal is to simplify operations and sharpen focus.

More on Crypto

Crypto just now

Rising US Debt Could Boost Demand for Alternative Stores of Value

Crypto 1m ago

Swan Bitcoin CEO Blasts Ponzi Scheme Label, Says Bitcoin is Decentralized Not Fraudulent

Crypto 2m ago

COIN Tokenized Stock Surges 37% on Regulatory Clarity and Bitcoin Rebound

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy