Gate Insights and Crypto Market Analysis

Gate Insights features in-depth crypto analysis, market trends, and long-form articles to help you understand key movements across the crypto industry.

PayPal Stocks Fall 13% After Stripe, Advent Drop Takeover Bid

PayPal (PYPL) shares fell 13% on Friday after Bloomberg reported that Stripe and Advent International ended their pursuit of a takeover bid that would have valued the company at more than $53 billion. The abandoned deal prompted Mizuho to cut its price target to $51 from $60 while maintaining a
PYPL-11.81%
LucasBennett·5m ago
PayPal Stocks Fall 13% After Stripe, Advent Drop Takeover Bid