First Pass

13 stories from 8 sources

PayPal bid collapses as strategic stakes reshape deal activity

Day’s Recap

Supporting Articles

PayPal shares fell 13% after reports that Advent International and Stripe abandoned plans to acquire the payments company. The consortium had reportedly offered $60.50 per share, valuing PayPal at about $53 billion, but valuation concerns and regulatory hurdles disrupted the bid.

11:19 AMEconomic Times

Advent International and Stripe have reportedly ended their pursuit of PayPal, ending speculation over a potential $50 billion buyout. PayPal shares dropped sharply after the reported decision, reversing gains tied to expectations of a transaction.

6:49 AMPYMNTS

Hero MotoCorp bought 1.18 crore Ather Energy shares for Rs 1,758 crore from the Government of Singapore in a block deal. The purchase lifts Hero's stake in the electric two-wheeler maker to about 32.8%.

11:54 AMEconomic Times

Hero MotoCorp plans to invest up to Rs 1,758 crore in Ather Energy, taking its stake to about 32.8%. Ather shares rose nearly 4% after the announcement, extending a rally supported by more than doubled turnover over two years.

12:54 AMEconomic Times

Max Estates will acquire nine companies holding 84.71 acres of land in Delhi through a ₹420 crore share swap. The parcels offer an estimated development potential of 4 to 6 million square feet and mark the company's entry into Delhi's residential market.

11:25 PMEconomic Times Realty

Tata Group is exploring ways to provide liquidity to the Shapoorji Pallonji Group for its 18.4% stake in privately held Tata Sons. Options reportedly include swapping the stake for shares in listed Tata companies, arranging a bank-financed buyout, or selling to a global investor.

1:42 AMEconomic Times

Other Developments

A curated list of other prominent stories from this day.

Colombia's richest family is reportedly close to an oil deal in Venezuela alongside GeoPark Ltd., where it holds a 28% stake and is the largest shareholder. The discussions remain confidential and could still change.

5:19 PMBloomberg Markets

Heavy investment is flowing into companies that release AI models with open or permissive weights, even when those models are given away rather than sold directly.

2:19 PMTechCrunch

BitGo plans to acquire NYDIG’s institutional trading business as crypto market activity begins to recover after an extended slowdown.

8:27 AMCNBC

Imax is delivering record stock performance and box-office results, but potential buyers face conflicts with major studios and a valuation that raises the cost of acquiring it. Those constraints have limited the field of credible bidders despite the company’s strong operating momentum.

7:54 AMCNBC

Yatharth Hospital shares rose more than 5% after reports that Aster DM Quality Care, backed by Advent International and Blackstone, is negotiating to acquire a controlling stake. Yatharth denied that it is in sale discussions, even as the stock reached a 52-week high.

1:23 AMEconomic Times

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