PayPal is no longer refusing to sell. Now the question is whether regulators allow it
The Wall Street Journal reported the talks on 14 August. Cara Lombardo, Gina Heeb and Lauren Thomas wrote it. The framing is what changed. PayPal is in talks to sell itself, rather than fielding an offer it has rejected.
Stripe and Advent International proposed $60.50 a share in July, which PayPal considered insufficient. The two sides have been negotiating a higher price ever since. A deal could land in the coming weeks. PayPal declined to comment, and a Stripe spokesperson said the company does not comment on rumours or speculation.
Investors read it as progress. PayPal shares rose about 1.8% on the day the report landed.
The rejection was a position, not an answer
This desk reported the $60.50 offer on 15 July, at more than $53bn with roughly $50bn of committed bank financing. Two days later the board called it too low. Shares jumped about 19% to $56.60...
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