PayPal says is not pursuing acquisition of Pinterest

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Oct 25, 2021

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October 25, 2021

(Reuters) – PayPal Inc is not pursuing an acquisition of Pinterest Inc at this time, the online payments provider said on Sunday, responding to market rumors.

Earlier in the week, it was reported that the payments behemoth had offered to buy digital pinboard site Pinterest for $45 billion, or about $70 per share, mostly in stock.

Pinterest did not immediately respond to a Reuters request for comment outside of business hours.

(Reporting by Juby Babu in Bengaluru; Editing by Anil D’Silva)

Source Link PayPal says is not pursuing acquisition of Pinterest

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Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.

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