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 […] This story continues at The Next Web

This story was reported by The Next Web. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

Read full coverage at The Next Web →

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

More from Tech & Startups

Google brings its age-assurance technology to Android developers worldwide

Anthropic is alone in every AI policy fight. It’s winning anyway.

Shein’s app runs on the tricks the FTC calls ‘dark patterns.’ Now the FTC is investigating.

The AI boom needs power and rockets. Trump just exempted both from environmental law.

Apple hit $5tn by refusing to play the AI game everyone else is losing

Elon Musk’s X settles multiyear legal battle with the World Federation of Advertisers