Thu, Mar. 3, 3:16 AM
- "Earlier today, Seeking Alpha reported vague rumors that PayPal (NASDAQ:PYPL) is considering a $47/share offer from American Express (NYSE:AXP).
- "In our view, while strategically the acquisition makes sense, we cannot make the numbers work. As a result, we believe the deal is very unlikely, at least in the near term.
- "Specifically, we estimate the deal would be mid-single digit dilutive even after using fairly aggressive cost and revenue synergy assumptions. In our view, AXP's stock price is the biggest hang up. While we could make the numbers work if AXP shares were to get back above $80/share, with the stock in the mid $50s, we just don't see how a deal gets done."
- Source: Stifel
- Related: Why I Think PayPal And American Express Should Merge Or Partner (Oct. 23)
Wed, Mar. 2, 10:32 AM
- A rumor among traders that PayPal (PYPL +0.5%) is having advisors review a $47/share cash/stock offer from American Express (NYSE:AXP) has helped PayPal shares turn positive after starting the day lower. However, they continue trading below $40.
- With AmEx currently worth $55B and PayPal $48B, a deal between the two would be a merger more than an acquisition. PayPal CEO Dan Schulman was formerly an AmEx exec.
Sep. 9, 2013, 6:29 PM
- Time Warner (TWX) subsidiary Time Inc. is in late-stage talks to acquire five magazines including "Travel + Leisure" and "Food & Wine" from American Express Publishing Group.
- Other titles in the sale include three titles distributed to American Express cardholders: "Departures," "Executive Travel" and "Black Ink."
- A price tag on the sale wasn't disclosed.
- For years, American Express (AXP) has had a partnership under which Time handles functions like subscription fulfillment and other back-office services on behalf of American Express.
- The sales talks come as TWX plans to spin off the magazine company Time Inc. as a standalone entity.
Aug. 23, 2011, 1:28 PM
NetSpend (NTSP +6.9%) shares burst higher with M&A speculation making the rounds, as a Reuters story describes its depressed stock price and cutthroat competition in the prepaid debit card market making it a potential takeover target. Green Dot (GDOT +1.6%) is seen as the likeliest buyer, with potential interest also coming from Capital One (COF +2.3%).| Aug. 23, 2011, 1:28 PM