US Stock of the Day | Kabutaro & Friends

On August 29, 2026, the most talked-about US stock online is PayPal<PYPL>. US markets were closed for the Saturday.
Background: On August 28, Bloomberg reported that a consortium of Advent International and Stripe had abandoned its takeover bid, and the stock closed 12.71% lower at $53.66. The proposal, which surfaced in July, was an all-cash offer of $60.50 per share valuing PayPal at roughly $53 billion; PayPal had deemed it inadequate and continued negotiating for a higher price. The buyers planned to take equal stakes and not break up PayPal's business, though antitrust review in the US and Europe was seen as the key hurdle. With the stock having risen 32.5% in July on takeover speculation, weekend discussion has centered on where fair value sits now that the deal premium is gone. Bloomberg noted the situation remains fluid and a renewed offer is still possible. On August 28, Marvell Technology fell 10.28% and NVIDIA lost 4.61%.