On July 16, local time, according to reports, people familiar with the matter said that the PayPal board of directors believes that the takeover offer proposed by payment company Stripe and private equity firm Advent International underestimated the company's value and faced regulatory and financing barriers. Two other sources said PayPal has yet to officially respond to the proposal.

On July 16, local time, according to reports, people familiar with the matter said that the PayPal board of directors believes that the takeover offer proposed by payment company Stripe and private equity firm Advent International underestimated the company's value and faced regulatory and financing barriers. Two other sources said PayPal has yet to officially respond to the proposal.