PayPal Board Rejects Stripe’s $60.50 Offer | Business and Finance News

PayPal’s board is reportedly rejecting Stripe and Advent’s $60.50 per share offer—valuing the company at over $53 billion—as too low, even though the stock trades below that price at $56. With slowing user growth and flat profit margins, the deal’s financing looks solid but the company’s fundamentals are shaky. Noted shareholder Michael Burry sees it as a starting point, and the board’s silence signals they’re ready to push for more. Market analysts already have lower price targets, and the next earnings report could swing the momentum—strong results might boost the board’s leverage, while weak ones could force PayPal into a lower offer or even a failed deal. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a601081dc5d2473d