PayPal turned down $53bn, and pointed to a beat and a $70 target

PayPal finally addressed the $53bn offer sitting on its table. Its answer was: not at that price. The company gave its first public response on Tuesday’s Q2 earnings call, alongside a beat. Chief executive Enrique Lores would not comment on Stripe and Advent’s bid directly. He said only that PayPal would “carefully consider” any path […]
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