Stripe and Advent Ditch $50 Billion PayPal Takeover Bid

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.Read more of this story at Slashdot.