PayPal says is not pursuing acquisition of Pinterest

PayPal says is not pursuing acquisition of Pinterest.   | Photo Credit: AFP

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

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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.

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Printable version | Nov 30, 2021 3:57:00 AM |

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