PayPal board reportedly rejects takeout price

$PYPL’s board reportedly views the $53B takeover offer from Stripe and Advent as inadequate.
That changes the setup around the stock.
The market is no longer just reacting to the existence of a bid.
It is now trying to price whether a higher offer emerges, negotiations continue, or the deal momentum fades.
For $PYPL, the board’s response turns the takeover story into a valuation fight.