AI Summary
PayPal's board is reviewing a $53 billion takeover proposal from Stripe and Advent International, with discussions intensifying over a $60.50-per-share offer that the company views as undervaluing the business. The board is evaluating whether to accept an improved bid as PayPal faces slowing growth and mounting competitive pressures.
PayPal is reviewing a $53 billion takeover bid from Stripe and Advent International but considers the $60.50-per-share offer too low. Amid slowing growth, intense competition and repeated turnaround efforts, the board is weighing whether PayPal’s businesses—including Venmo—could unlock greater value separately or through a higher offer.
Full story reconstructed from The Times of India. Formatting and media may differ from the original.
View original at The Times of India