Rory predicts that PayPal's board will ultimately accept Stripe's acquisition offer after initially rejecting it as part of standard negotiation tactics.
“I think Jason is could well be right. I think it I handed this to when you're a private company, you remember we talked about the sale king, Harry. You when you're a private company, you can decide not to sell for any reason. When you're a public company, you know, what the bankers are telling them right now is you're right. First thing you do is instantly reject because you gotta look strong. And then you've just hired the bankers, and they're gonna say to you, you can all and the lawyers in particular are gonna come in the room, and they're gonna say to you, Delaware law, you can only turn this down if you have a good business judgment belief that on a stand alone basis, you can do better than this offer in a reasonable period of time.”
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Our resolution criterion
disputablePayPal board accepts Stripe's acquisition offer; deal is consummated or definitively rejected.
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Summaries are ours; the quote is a verbatim transcript excerpt. Our resolution criteria are editorial and disputable. How this works.