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PayPal says is not pursuing acquisition of Pinterest -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This image taken on October 20, 2021 shows a Pinterest logo placed on top of U.S. banknotes. It also features a 3D printed PayPal logo. REUTERS/Dado Ruvic/Illustration

(Reuters) – PayPal (NASDAQ) Inc has decided not to acquire Pinterest (NYSE) Inc, according to an online payment provider. This statement was made in response, on Sunday, to market rumours.

It was revealed that payments company PayPal offered to acquire digital pinboard website Pinterest for $45 Billion, which is about $70 per shares, primarily in stock.

Pinterest didn’t immediately reply to a Reuters inquiry for comment after hours.

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