Market Chatter: PayPal Shares Slide Premarket After Advent, Stripe Ditch $50 Billion Pursuit

05:01 AM EDT, 08/28/2026 (MT Newswires) -- PayPal (PYPL) fell more than 13% in recent premarket trading after Bloomberg reported on Friday that buyout firm Advent and payment-processor Stripe have ditched their bid to buy the company. The group had previously offered more than $50 billion for the company, the unnamed sources told Bloomberg. The Wall Street Journal reported earlier this month that PayPal considered Advent and Stripe's bid insufficient. Representatives from PayPal, Advent and Stripe did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)