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Barchart
Anushka Dutta

PayPal Says a $53 Billion Takeover Offer from Stripe Undervalues It. How to Play PYPL Stock Here.

PayPal PYPL Stripe Enrique Lores

Earlier this month, shares of fintech firm PayPal Holdings (PYPL) jumped after reports emerged that rival payments firm Stripe and private equity company Advent International had made a $53 billion takeover bid. The reported takeover bid values PayPal at $60.50 per share, a 28% premium to its July 14 closing price.

However, according to a new report, PayPal’s board considers the bid to be undervalued and potentially setting the stage for ‌negotiations over the future. PayPal has not formally replied to the proposal. The potential acquisition is being questioned as the payments giant loses ground to competitors, particularly Apple (AAPL), Shopify (SHOP), buy-now/pay-later companies like Affirm (AFRM), and Klarna (KLAR), and peer-to-peer money transfer services like Cash App and Zelle.

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