PayPal ($PYPL) Soars 22% on $53B Buyout Bid, But Board Plays Hardball
PayPal gets a $53B buyout offer but its board seems to want more
Ticker Ratings
$PYPL just hit its best week in years, ripping 22% higher on reports that Stripe and Advent International tossed a $60/share offer on the table, valuing PayPal near $53 billion. Markets briefly remembered PayPal is not a Blockbuster DVD kiosk, then price-discovered in real time. Cue a Street-wide split: some love the deal, others say not so fast, PayPal’s board reportedly thinks the bid is too low (classic, right?), keeping investors on their toes and the stock elevated.
This is the most drama PayPal has seen since its Venmo app tried to explain emoji payments to the IRS. If the board chases a higher offer, expect more volatility, and more memes. Deal or no deal, PayPal is suddenly looking less like a dinosaur, more like this season’s must-have fintech collectible. Somebody send them an emoji bouquet.
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