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SAN FRANCISCO, Calif. — New PayPal (PYPL) CEO Enrique Lores doesn't sound like a guy running toward the exit after inking a huge deal to sell the company he just started leading. He sounds like a veteran top executive who's head-down trying to reinvent a fintech icon.
"First of all, we have said that we are totally open and objective to evaluating the plan that we have versus external offers," Lores told Yahoo Finance from the Goldman Sachs Communacopia & Tech Conference (video above). "We will always choose whatever provides more value. We have three growing businesses, three businesses where we can increase the value and the profit that we generate. We believe we have a strong plan to execute. We have the right team, and we think that we are going to be creating a lot of value for shareholders."
Payments player Stripe (STRI.PVT) and private firm Advent International walked away in late August from trying to acquire PayPal for a reported $53 billion, or $60.50 per share, after the board rejected their overture.
It has been speculated that PayPal's board was looking for $70 per share.