PayPal Holdings (PYPL) views a $53 billion takeover proposal from Stripe and private equity firm Advent International as undervaluing the company, and presenting regulatory and financing risks, Reuters reported Thursday, citing a person familiar with the matter.
PayPal has not formally responded to the $60.50-per-share offer, Reuters reported, citing two other sources. The board is evaluating the bid alongside management's turnaround strategy and the possibility that other offers could emerge.
The board also is weighing deal certainty, financing, potential regulatory hurdles and the likely timeline for completing a transaction, Reuters reported.
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