Nintendo's latest sale is 'made possible' by the tariff refunds it's hoarding23m ago Meta Announces Muse AI Agent for Personal Tasks and Organization24m ago Instagram now lets you add tagged photos to your profile grid24m ago AI agents are flooding public services with new requests30m ago Apple’s first foldable is the iPhone Duo, and it costs $1,99931m ago An Anthropic researcher just quit, saying OpenAI and Anthropic are 'gambling with our lives'32m ago Anthropic Is Building a Huge Surveillance System to Spy on Anti-AI Activists and Predict Their Activities41m ago Antioch raises $32m to test robots in simulation before they touch hardware49m ago OpenAI’s Bubeck denies trying to cut Anthropic mathematician from credit1h ago 10 of the scariest AI villains in movie history1h ago Maven Robotics wants to steal your robot deployment deal1h ago Agent Security Is Not AI Governance: Why Conflating The Two Is A Risk Enterprises Can't Afford1h ago Positron Valued at $5 Billion in New Funding as Demand for AI Chips Surges1h ago 7 Steps to Become a Forward Deployed Engineer in 20261h ago

Nintendo's latest sale is 'made possible' by the tariff refunds it's hoarding23m ago Meta Announces Muse AI Agent for Personal Tasks and Organization24m ago Instagram now lets you add tagged photos to your profile grid24m ago AI agents are flooding public services with new requests30m ago Apple’s first foldable is the iPhone Duo, and it costs $1,99931m ago An Anthropic researcher just quit, saying OpenAI and Anthropic are 'gambling with our lives'32m ago Anthropic Is Building a Huge Surveillance System to Spy on Anti-AI Activists and Predict Their Activities41m ago Antioch raises $32m to test robots in simulation before they touch hardware49m ago OpenAI’s Bubeck denies trying to cut Anthropic mathematician from credit1h ago 10 of the scariest AI villains in movie history1h ago Maven Robotics wants to steal your robot deployment deal1h ago Agent Security Is Not AI Governance: Why Conflating The Two Is A Risk Enterprises Can't Afford1h ago Positron Valued at $5 Billion in New Funding as Demand for AI Chips Surges1h ago 7 Steps to Become a Forward Deployed Engineer in 20261h ago

Business & Enterprise3 min reading time

PayPal turned down $53bn, and pointed to a beat and a $70 target

The Next WebPublished Jul 29, 2026

PayPal rejected a $53bn acquisition offer from Stripe and Advent, considering it undervalued compared to its current strategy and a $70 per share valuation by Cantor. The company reported better-than-expected Q2 earnings and raised its full-year guidance, emphasizing ongoing turnaround efforts including cost savings and AI integration. CEO Enrique Lores expressed confidence in PayPal's direction, asking shareholders to trust the internal plan rather than accept the bid.

#acquisition-offer #cantor-fitzgerald #enrique-lores #paypal #q2-earnings #stripe

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