Global Market: PayPal takeover talks intensify as board mulls improved bid

A consortium of Stripe and Advent is in advanced takeover talks for PayPal at a proposed price of $60.50 per share, though PayPal's board believes the bid undervalues the company. The dealmakers have secured $17 billion in equity commitments and around $50 billion in bank financing, giving them capacity to raise the offer. PayPal's upcoming quarterly earnings could prove pivotal in determining whether negotiations advance.