PayPal $PYPL Rejects $53B Takeover Bid as Buyers Negotiate Higher Price

PayPal $PYPL rejected a roughly $53 billion takeover proposal from Stripe and private-equity firm Advent International, viewing the $60.50-per-share offer as too low.
The two sides are now reportedly negotiating a potentially higher price, with a deal possible within the coming weeks if they can reach an agreement.
The original bid represented a significant premium to PayPal’s pre-offer market value, but the board believes the company can command more as its turnaround gains traction.
A price around $70 per share has been discussed as financially possible, although no final valuation or agreement has been reached.
If completed, the transaction would create one of the largest combinations ever in the global payments industry.