Aug. 29 at 11:58 PM
$PYPL Why a Deal Could Still HappenThe "Walk Away" Negotiation Tactic: It is highly common for a buying consortium to publicly "abandon" talks after being rejected to punish the target's stock price. By letting PayPal's shares plummet nearly 13% overnight back down to the
$53 range, Stripe and Advent have successfully deflated the market hype. If PayPal's board panics under pressure from angry shareholders, the buyers could return in a few months with the exact same—or only a slightly modified—offer from a position of absolute strength.