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PayPal Crashes After Advent, Stripe Abandon $50 Billion Takeover Bid
PayPal Crashes After Advent, Stripe Abandon $50 Billion Takeover Bid
PayPal shares plunged as much as 16% in premarket trading Friday, the most in months if the losses hold through the cash session, after a consortium led by private-equity firm Advent International and payments giant Stripe abandoned its takeover bid for the struggling payment processor.
Bloomberg reports that the consortium offered more than $50 billion for PayPal in what would have been one of the largest leveraged buyouts in history.
As per the report:
The group is no longer pursuing a deal for...
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Apr 22, 2026 / Dave DeCamp
Senate To Vote on War Powers Resolution To Block US Attack on Cuba
Next week, the Senate is expected to vote on a War Powers Resolution aimed at preventing a US attack on Cuba amid reports that the Pentagon is ramping up preparations for a potential war against the island nation. The bill, S.J.Res. 124, was introduced last month by Senators Tim Kaine (D-VA), Adam Schiff (D-CA), and […]
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Mar 11, 2026 / Dave DeCamp
Iran’s Control of Strait of Hormuz Means It’s Exporting More Oil Than Before the War
Iran has been exporting more oil through the Strait of Hormuz over the past week than it was before the US and Israel launched the war against the Islamic Republic on February 28, The Wall Street Journal has reported. The report cited data from Kpler, a tanker-tracking firm, which found that since February 28, seven […]
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Aug 19, 2026 / Tyler Durden
S.Korea Reaffirms Push For Military Independence After Trump Announced Scaled-Back Drills
S.Korea Reaffirms Push For Military Independence After Trump Announced Scaled-Back Drills
Authored by Dave DeCamp via AntiWar.com,
South Korean President Lee Jae Myung has reaffirmed his push for South Korea to regain independent control of its military from the US after President Trump announced the scaling back of joint US-South Korean military drills taking place this week.
The US has had wartime operational control of South Korea’s military since the Korean War, which technically never ended. Combat was halted by a 1953 armistice, but the two sides never signed a formal peace treaty.
South Korean...
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