The Zhitong Finance App learned that on Friday, PayPal (PYPL.US) jumped about 14% lower. As of press release, the decline had narrowed to 11.4% to $54.53. According to the news, some media quoted information revealed by people familiar with the matter as reporting that a consortium formed by private equity firm Advent International and digital payment supergiant Stripe has officially abandoned the acquisition of PayPal. The consortium previously proposed an offer of $60.50 per share, totaling about $53 billion, but was rejected by the PayPal board of directors on the grounds that the valuation was insufficient; compared with PayPal's historical peak valuation of about 360 billion US dollars during the 2021 global COVID-19 online payments boom, this offer was only a fraction of that time.

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