PayPal Rejection Sets Stage for Potential Suitors
PayPal (PYPL) is once again in the spotlight following reports that its board recently turned down a joint offer by Stripe and private equity firm Advent to acquire the company at a valuation of around $53B.
The rejected bid has left many analysts wondering who else could make a move for PayPal, with several major players being mentioned as potential suitors.
Apple (AAPL), Google (GOOG), Visa (V), JPMorgan (JPM), and Mastercard (MA) are among the companies being considered, according to reports.