None
EN
PayPal CEO signals deal openness but sticks with standalone strategy
['Frank Dematteo', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Stripe and Advent International jointly recently bid $60.50 per share for PayPal, according to media reports.
PayPal's board, with advice from Goldman Sachs and Evercore, signaled that the offer price was too low.
"We believe that executing the transformation strategy I have outlined will create significant value for our shareholders," he said.
Whether Tuesday's earnings beat and Lores's conciliatory tone prompt a revised offer remains the central open question.
Neither Stripe nor Advent has publicly commented on the board's rejection or signaled next steps.