PayPal Board Calls $53 Billion Stripe-Advent Bid Inadequate

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. PayPal has not formally responded to the $60.50-per-share proposal, but the board’s preliminary assessment, according to the report, is that the offer does not fully reflect the value management could create by completing its tu