PayPal is seemingly still open to Stripe's $53.4 billion takeover bid, but only if it creates more value for shareholders. The company reported better-than-expected Q2 results, with adjusted profit of $1.38 per share and revenue up 5% year-over-year to $8.68 billion. PayPal's CEO Enrique Lores said the company would consider a takeover deal that creates superior value for shareholders.
PayPal Considers Higher Takeover Offer Following Earnings Beat
UKPulse Consumer DeskPayPal's CEO Enrique Lores said the company would consider a takeover deal that creates more value for shareholders, after reporting better-than-expected Q2 results.
- PayPal reported adjusted profit of $1.38 per share, beating expectations of $1.28 per share.
- Revenue was up 5% year-over-year to $8.68 billion, above estimates of $8.47 billion.
- PayPal's shares are currently trading at around $58, with an analysis valuing the company at closer to $70 per share.
Why this matters: The decision could impact PayPal's future as an independent company and its potential value to shareholders.
What this means for you: If you're a PayPal shareholder, this decision could affect the value of your investment.