Stripe and Advent drop $53 billion bid for PayPal, shares slide

Stripe and Advent International have walked away from their roughly $53 billion attempt to buy PayPal. Had it gone through, the deal would have been the biggest fintech takeover on record. The announcement sent PayPal’s stock down sharply before Friday’s open. Why didn’t Stripe and Advent acquire PayPal? Stripe, the privately held payments firm, and...