PayPal Board Rejects Stripe and Advent’s $53 Billion Takeover Bid as Inadequate
PayPal’s board has rejected a $53 billion takeover proposal from Stripe and Advent International, calling the bid inadequate.
The board will continue to evaluate the acquisition against PayPal’s standalone strategy, with further discussions expected. Reuters reporting indicates the board also identified potential regulatory and financing hurdles with the proposed transaction.
From the sources (16 posts)
@zerohedge*STRIPE, ADVENT OFFER TO BUY PAYPAL FOR $60.50/SHARE: REUTERS
@negligible_cap*STRIPE, ADVENT OFFER TO BUY PAYPAL FOR $60.50/SHARE: REUTERS $PYPL woah
@stocksavvyshayStripe and Advent International have offered to acquire $PYPL for $60.50 per share. The bid is backed by roughly $50 billion in bank financing.
@polymarketmoneyBREAKING: Stripe and Advent offer to buy PayPal for $53,000,000,000.00.
@kalshiJUST IN: Stripe and Advent offer to buy PayPal for $53 billion
@techmemeSources: Stripe and PE firm Advent International have jointly offered $60.50/share to acquire PayPal, a 28% premium to Tuesday's close, valuing it at $53B+ (@milanavinn / Reuters) (Visit Techmeme dot com for the link and full context!)
@cointelegraph🔥 NEW: Stripe and Advent International have offered to acquire PayPal for more than $53B, per Reuters.
@theblockcoNEW: Stripe and Advent International have offered to acquire PayPal for $53 billion, according to Reuters. Both Stripe and PayPal have been aggressively expanding into stablecoins — Stripe is leading the Open USD consortium while PayPal is
@reutersbizExclusive: Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal for $60.50 per share, in a deal that would value the payments company at more than $53 billion. More here - https://t.
@reutersExclusive: Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal for $60.50 per share, in a deal that would value the payments company at more than $53 billion
@reutersEXCLUSIVE: Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
@firstsquawkPAYPAL'S BOARD VIEWS THE REPORTED $53 BILLION TAKEOVER OFFER FROM STRIPE AND ADVENT AS INADEQUATE AND IS CONTINUING TO EVALUATE THE PROPOSAL AGAINST THE COMPANY'S STANDALONE STRATEGY, WITH FURTHER BOARD DISCUSSIONS EXPECTED.
@stockmktnewzPAYPAL'S $PYPL BOARD VIEWS THE REPORTED $53 BILLION TAKEOVER OFFER FROM STRIPE AND ADVENT AS INADEQUATE
@stocksavvyshay$PYPL board reportedly rejects Stripe and Advent’s $53B takeover offer as inadequate.
@gurgavinPAYPAL'S BOARD HAS REPORTEDLY REJECTED THE $53 BILLION TAKEOVER OFFER FROM STRIPE CALLING IT “INADEQUATE” JUST LIKE I SAID YESTERDAY PAYPAL IS WORTH MUCH MORE AND THE BOARD KNOWS $PYPL
@techmemeSource: PayPal's board sees Stripe and PE firm Advent International's $53B takeover bid as undervaluing the company and facing regulatory and financing hurdles (Reuters) (Visit Techmeme dot com for the link and full context!)