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⚠️ NEW IN: PayPal has rejected a $53 billion takeover proposal from Stripe and Advent International, according to reports.
The consortium previously offered $60.50 per share, representing a significant premium to PayPal’s pre-bid price.
PayPal’s board reportedly believes the offer does not fully reflect the company’s long-term value and is seeking a higher price.
The two sides remain in discussions over a potential revised offer.
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