A consortium of Advent International and Stripe has decided to abandon its pursuit of PayPal Holdings Inc., according to people familiar with the matter. The group had previously offered more than $50 billion for the fintech company, which would have ranked as one of the biggest-ever leveraged buyouts. The sources requested anonymity as the information is private.

PayPal is a fintech pioneer that has been the target of significant acquisition interest in recent years. The decision comes after months of negotiations between the parties. The deal would have reshaped the global payments landscape significantly.