Global Market: PayPal Takeover Talks Intensify as Board Mulls Improved Bid
The consortium has offered $60.50 a share, and analysts say stronger cash flow and 430 million consumer accounts could justify a higher price.
- Stripe and Advent International approached PayPal with a $53 billion takeover bid this past week, but the company's board reportedly views the $60.50 per share offer as insufficient, people familiar with the matter said.
- Growth at the payments firm has slowed amid intense competition from rivals like Apple Pay, prompting leadership changes since long-time chief Dan Schulman stepped aside in 2023.
- Analysts at Morgan Stanley said the proposal offers the "most credible path to value realization" for PayPal, which faces a maturing customer base and intense wallet competition.
- With $17 billion in equity and $50 billion in financing, Stripe and Advent possess the capacity to raise their offer while awaiting PayPal's quarterly earnings report this month.
- Dealmakers are weighing whether PayPal is worth more as a single entity or as a collection of assets like Venmo that could be sold separately, reshaping the company's strategic future.
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The Economic Times
Times of IndiaGlobal Market: PayPal takeover talks intensify as board mulls improved bid
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 PayPals businesses—including Venmo—could unlock greater value separately or through a higher offer.
“Grow a Spine”: All-In Podcast Pushes Back on AI Regulation and Calls PayPal’s $60 Takeover Offer Just an Opening Bid
David Sacks issued a sharp warning to tech executives cozying up to Washington regulators, while investors are already debating whether PayPal's reported takeover offer drastically undersells one of fintech's most contested assets.
Channel News Asia
How PayPal went from Wall Street favorite to unwilling merger target
July 20 : Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the U.S. and PayPal is facing a takeover bid it does not like. What happens next?The company synonymous with digital payments this past week go
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