PayPal's Board Reportedly Called $60.50 a Share Inadequate. The Stock Trades at $56.

PayPal's board has rejected a $60.50-per-share takeover proposal from Stripe and Advent International, deeming the offer inadequate according to reports from The Motley Fool. The decision signals the board values the payments giant above that level, even as shares trade at $56—a 7.4% discount to the rejected bid.

The gap between the offer price and current trading levels highlights market doubt about deal completion or competing bids emerging. Analyst consensus sits lower still at $53 per share, pointing to underlying concern about PayPal's fundamentals independent of M&A speculation. The company faces headwinds from slowing user growth and modest earnings guidance that have weighed on Street sentiment.

The rejected offer from Stripe—a direct competitor in the payments space—paired with private equity player Advent International represents a notable attempt to take PayPal private. The board's rebuff sets a public floor for any future negotiations and could attract additional suitors or push the existing consortium to raise its bid.