Why PayPal Shares Are Skyrocketing Higher This Week

Shares of popular digital payments platform, PayPal (NASDAQ: PYPL), soared 23% this week (as of noon ET on Friday) after payments peer Stripe and private equity firm Advent International offered to buy the company for $60.50 per share. After months of speculation that a union between the companies might be in the works, the market finally has a tangible offer price to digest.However, while shares have soared on the potential deal, it seems to be far from a "lock" to reach the finish line. Reuters reported that PayPal's board -- according to a person familiar with the matter -- believes the deal undervalues the company's long-term potential as it executes upon its turnaround strategy. The company's board is not alone in this thinking.Image source: The Motley Fool.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool