PayPal board deems $53 billion takeover bid from Stripe-Advent "inadequate"

1. 1PayPal (PYPL) board has reviewed the $53 billion takeover proposal from the Stripe-Advent consortium and deemed it inadequate as undervalued.
2. 2The offer stands at $60.50 per share, with JPMorgan and Morgan Stanley arranging roughly $50 billion in financing while Stripe-Advent will contribute $17 billion in equity.
3. 3The board is also weighing funding certainty, regulatory risk, and the time required to close the deal, and has not yet issued a formal response.

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