PayPal Holdings Inc reported quarterly earnings that surpassed analyst expectations, providing a fundamental floor for the company’s valuation even as a potential change of control dominates the narrative.
The financial results arrived against the backdrop of intense speculation regarding the company’s future ownership structure.
50 per share, implies a total enterprise value of more than $53 billion for the payments processor.
The earnings beat comes as investors digest the joint acquisition proposal submitted by fintech firm Stripe and private equity group Advent International.
The offer, valued at $60.50 per share, implies a total enterprise value of more than $53 billion for the payments processor.
MarketWatch and GlobeandMail reported the earnings performance alongside the ongoing merger discussions.
PayPal shares had already rallied sharply in early trading Wednesday following the initial reports of the takeover bid.