PayPal board sees Stripe-Advent’s $53 billion bid as undervaluing company , sources say

PayPal’s board sees a $53 billion takeover bid by rival Stripe and private ​equity firm Advent International as undervaluing the company and facing ​regulatory and financing hurdles, a person familiar with the matter said, potentially setting the stage for negotiations over the ​future of the U.S. payments giant.

PayPal has not formally responded to the proposal, two other sources said.