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PayPal shares slide after Stripe and Advent buyout deal collapses

PayPal reported Q2 EPS of $1.38, 10 cents above analyst expectations, and raised full-year EPS guidance to $5.38.

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PayPal shares fell after Stripe and a private equity partner, Advent International, saw their proposed buyout of the payments company collapse. The rejected offer was priced at about $60.50 per share and valued the deal at roughly $53 billion, according to MarketBeat Ratings.

MarketBeat Ratings said PayPal’s board rejected the offer, and the stock then dropped sharply when the deal fell through. The source noted PayPal shares had climbed above the $60.50 level while the deal was still active before reversing after the termination.

The earnings follow-through, MarketBeat Ratings reported, complicated the reaction. PayPal posted Q2 earnings per share of $1.38, which was 10 cents ahead of analyst predictions.

MarketBeat Ratings added that PayPal raised its full-year EPS guidance to $5.38, with the firm pointing to ongoing business metrics including stablecoin growth and an active user base as part of its fundamentals.

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