PayPal viewed initial July $60.50-per-share proposal as insufficient, people said
PayPal Holdings is in talks to sell itself to a group that includes payments company Stripe and private-equity firm Advent International, according to people familiar with the matter.
Stripe and Advent in July proposed paying $60.50 a share for PayPal, a price PayPal viewed as insufficient, some of the people said. The two sides have since been negotiating a potentially higher price, the people said.
It is possible a deal could come together in the coming weeks, though there are no guarantees the parties will reach an agreement, the people said.
PayPal shares rose 1.77% on the report.