PayPal's share price rose amid growing reports that a major U.S. tech company is considering acquiring the company. Reports have highlighted a standoff between PayPal, which is seeking an all-cash acquisition offer, and the prospective buyer, which is considering an all-stock offer. Negotiations between the consortium of Stripe and Advent International and PayPal are also reportedly facing difficulties over the termination fee.
PayPal's share price rose. The article reports that market participants are speculating that a major U.S. tech company may be considering acquiring PayPal.
Regarding the nature of the acquisition proposal, PayPal's board is reportedly seeking an all-cash offer, while the IT company making the proposal is said to be considering an all-stock offer.
Negotiations between PayPal and the consortium of Stripe and Advent International over a potential acquisition have reportedly stalled over a $2 billion termination fee.
The consortium was also reportedly considering a proposal to pay PayPal up to $68 per share in cash.