“PayPal Drops 12% Overnight on Dead Stripe Deal: Portfolio Manager Thomas Hayes Says Board Saved ‘Meaningful Upside’ by Blocking ‘Inadequate Offer'”
October 22, 2026
“PayPal Holdings Inc. (NASDAQ:PYPL) shares tumbled sharply, falling over 12% in overnight trading following reports that a consortium led by Stripe and Advent International has abandoned its $53 billion takeover pursuit…
Hayes publicly praised CEO Enrique Lores and the board for not accepting the “inadequate offer,” which he noted was less than nine times free cash flow…”
https://finance.yahoo.com/markets/stocks/articles/paypal-bets-ai-shopping-glance-125831463.html