Wu Shuo learned from Reuters, citing people familiar with the matter, that PayPal’s board of directors preliminarily believes that the approximately $53 billion acquisition offer proposed by Stripe and the private equity firm Advent International undervalues the company and faces issues such as financing certainty, antitrust scrutiny, and a deal timeline that is too long; PayPal has not yet responded officially. The offer is roughly equivalent to $60.50 per share. Insiders said that Stripe and Advent are still the most serious potential buyers and that the two sides may continue negotiations, considering selling assets such as Braintree to ease regulatory pressure.