Advent, Stripe Abandon $50 Billion Pursuit of PayPal

The blockbuster PayPal buyout could be off.

Advent International and Stripe have reportedly walked away from their pursuit of the payments pioneer, ending months of speculation over a deal that would have ranked among the largest leveraged buyouts ever.

PayPal shares tumbled as much as 16% in premarket trading Friday, a sharp reversal for a […] The post Advent, Stripe Abandon $50 Billion Pursuit of PayPal appeared first on PYMNTS.com.