PayPal board sees Stripe and Advent bid as undervaluing the company

According to Reuters, PayPal's board judged the $60.50 Stripe and Advent proposal too low, citing the premium to recent trading and the potential value of management's turnaround plan. Directors were also weighing whether the financing was certain, possible antitrust hurdles, and how long a deal would take. Reported remedies included a sale of the Braintree unit if regulators objected.

• Board view: the $60.50 offer undervalues PayPal
• Board weighing financing certainty, antitrust risk and deal timeline
• Reported remedy if regulators object: separating Braintree
• No formal response from PayPal as of the report