Michael Burry Calls PayPal's $60.50 Offer Too Low, Expects Higher Bid From Stripe and Advent

PYPL16.73%
According to Michael Burry in a Substack post on Wednesday, the 'Big Short' investor called Stripe and Advent International's $53 billion offer to buy PayPal at $60.50 per share "too low." Burry stated the offer represents only a 21% premium by his IV15 intrinsic valuation methodology and said he believes it is merely an opening bid. He expects the buyers to raise their offer and does not plan to sell his PayPal shares at the current price. Burry noted that a fair control premium should value PayPal between $75 and $115 per share based on his valuation framework.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments