How PayPal went from Wall Street favorite to unwilling merger target

PayPal, once a Wall Street favourite and a pioneer in digital payments, is now facing a potential $53 billion takeover bid from Stripe and Advent International. The company’s board is reviewing the offer but reportedly believes the $60.50 per share proposal undervalues the business. PayPal’s market dominance has weakened as rivals like Apple Pay gain ground, despite its strong legacy.