PayPal Leaves Door Open to Higher Acquisition Bid Amid Strong Earnings

CAPR -7.90% MSFT +0.43% AMZN -0.37% META +2.63% IBRX -3.16% 3 more

1. 1PayPal (PYPL) did not entirely shut down an acquisition offer from Stripe after posting second-quarter results that beat expectations
2. 2Adjusted EPS of $1.38 and revenue of $8.68B came in above forecasts; Stripe's offer stands at $60.50 per share
3. 3CEO Loresse said executing the turnaround strategy remains the focus, but she would carefully consider any path that delivers superior shareholder value

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