Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
The $53 billion "digital payments century acquisition" falls through! PayPal (PYPL.US) plunges over 15% pre-market, merger premium evaporates instantly.

The $53 billion "digital payments century acquisition" falls through! PayPal (PYPL.US) plunges over 15% pre-market, merger premium evaporates instantly.

智通财经智通财经2026/08/28 11:16
Show original
智通财经APP has learned that, according to reports from sources cited by the media, a consortium formed by private equity firm Advent International and digital payments giant Stripe has officially abandoned its acquisition of PayPal (PYPL.US), leading to the latter's pre-market U.S. stock price to plummet over 15% to around $51.70. The consortium had previously offered $60.50 per share for a total of approximately $53 billion, but the PayPal board rejected the offer due to undervaluation; compared to PayPal's historical peak valuation of around $360 billion during the global online payment boom amid the 2021 pandemic, this offer represents only a fraction of that amount.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Federal Reserve Turns Hawkish Again! This Year's Voting Member Logan: At Least Two More Rate Hikes Needed, Pace May Accelerate

On Tuesday, following Federal Reserve Governor Waller’s call to consider a 50 basis point rate hike at the December meeting, this year’s FOMC rotating voting member Lorie Logan reiterated a hawkish stance, stating, "Given the current economic outlook, I believe at least two more rate hikes of 25 basis points each are needed. The pace of rate hikes this winter may be faster than what we have seen so far this autumn." On Tuesday, the two-year US Treasury yield jumped 19 basis points in a single day, reaching 4.74%.

华尔街见闻•2026/11/10 19:52
Federal Reserve Turns Hawkish Again! This Year's Voting Member Logan: At Least Two More Rate Hikes Needed, Pace May Accelerate