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Advent, Stripe Consortium Is Said to Drop Pursuit of PayPal

August 28, 2026 at 1:32 AM UTCUpdated on August 28, 2026 at 1:58 AM UTCA consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal Holdings Inc., a potential deal that would have ranked as one of the biggest-ever leveraged buyouts, according to people familiar with the matter. The group is no longer pursuing a deal for PayPal, the people said, asking not to be identified because the information is private. It had previously offered...

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