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Stripe and Advent Ditch $50 Billion PayPal Takeover Bid

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Stripe and private equity firm Advent International have ditched their $53 billion pursuit of PayPal, ending a deal that would have been the largest fintech acquisition ever. “Stripe last week agreed to pay $8 billion for AI model marketplace OpenRouter, but a source said that the OpenRouter and PayPal deals were operating on independent tracks,” reports Axios.

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