PayPal's board rejects $53B Stripe-Advent bid, stock rises 2% to $56.73.

In the past 24 hours, PayPal's board has reportedly rejected a $53 billion takeover bid from Stripe and Advent International, considering the $60.50 per share offer as undervaluing the company. This decision has led to a 2% increase in PayPal's stock price, closing at $56.73. Investors are now awaiting PayPal's earnings report on July 28 for further insights into the company's performance.

AI-generated from public news sources. Not financial advice.