FinanceThe Next Webabout 3 hours ago
PayPal rejects $53bn Stripe bid
1 min read
PayPal publicly rejected a $53bn acquisition offer from Stripe and Advent on its Q2 earnings call. CEO Enrique Lores said the $60.50 per share bid undervalues the company. Cantor Fitzgerald values PayPal closer to $70 a share. Revenue rose 5% to $8.68bn, beating estimates.
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