PayPal CEO: Company 'Open and Objective' in Evaluating Deal Opportunities
Dow Jones
Jul 28
PayPal CEO Enrique Lores said the company remains "open and objective in evaluating opportunities" related to selling the company, though its focus is on its turnaround plan.
"If we see levers or a path that we believe would create superior value for our shareholder than executing our current strategy, we would of course carefully consider them," he said on the company's earnings call Tuesday.
Stripe and private-equity firm Advent recently made a takeover bid for PayPal, offering $60.50 a share.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.