PayPal (PYPL 0.24%) might be up for sale.
PayPal's board believes the $53 billion takeover offer from Stripe and Advent International offered on July 15 undervalues the company. According to a report from Reuters, the development could potentially open negotiations over price, deal structure and regulatory risk.
In the closing of the recent trading day, Paypal (PYPL) stood at $56.73, denoting a +2.18% move from the preceding trading day.
PYPL faces a $53B+ takeover bid from Stripe and Advent as slowing profitability raises the stakes for a potential deal.
Private equity is moving to scoop up a beaten-down payments company before the market reprices it higher. Stripe and Advent International launched a joint $53 billion acquisition proposal for PayPal Holdings Inc. NASDAQ: PYPL.
Paypal (PYPL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions may not translate into further price increase in the near term.
Stripe and PayPal have spent years expanding across digital commerce from opposite directions. Stripe built its business by selling payments infrastructure to merchants.
PayPal Holdings PYPL shares are trading cheaply, as suggested by the Value Score of A. In terms of forward 12-month price-to-earnings (P/E), PayPal is currently trading at 8.53X, lower than the Zacks Financial Transaction Services industry average of 17.02X.
Shares in PayPal Holdings (Nasdaq: PYPL) are skyrocketing in premarket trading this morning after a report that the legacy digital payments platform has received a joint buyout offer from one of today's most successful fintech companies and a major private equity firm. Here's what you need to know.
Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said.
PayPal (NASDAQ:PYPL | PYPL Price Prediction) stock is up 19% to $56.60 in early Wednesday trading following a reported joint takeover offer from Stripe and private-equity firm Advent International valued at more than $53 billion, or $60.50 per share.
PayPal (NASDAQ: PYPL) stock is soaring in premarket trading on July 15 after reports revealed that payments company Stripe and private equity giant Advent International have submitted a joint proposal to acquire the fintech firm in a deal valued at more than $53 billion.