PayPal is not pursuing an acquisition of Pinterest at this time, the payments company said late on Sunday , responding to media reports that it was in talks to buy the digital pinboard site for as much as US$45 billion.
PayPal, whose London depositary interests were up 5.2 per cent by 7.30am GMT on Monday following the announcement, did not provide additional details in its statement.Paypal, among the big pandemic winners, has done a few takeover deals this year, including its US$2.7 billion acquisition of Japanese buy-now-pay-later firm Paidy.
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