Shares fell 1.1% in after-hours trading after closing up 2.18% on Thursday, following a Reuters report on the proposed bid.
PayPal's board views a $53 billion takeover offer from Stripe and Advent International as inadequate, Reuters reported. The report points to resistance from the payments company toward the proposed bid, while PayPal shares fell 1.1% in after-hours trading after ending Thursday's session up 2.18%.