Report: PayPal board considers first takeover bid insufficient
Summary
PayPal’s board is reportedly viewing the first takeover bid from Stripe and Advent as too low. The reported offer values PayPal at about $53 billion and would pay $60.50 per share. The article says the board is also checking whether the bidders can finance the deal and expects regulators to scrutinize any transaction involving a major payments company. It also notes that PayPal’s new CEO is trying to restore growth through restructuring and cost cuts, with the next quarterly report due soon.
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FinTech SaaS
Payment Processing Software
Billing & Subscription Software
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Stripe
$25M to $50M