PayPal Says Not Pursuing Acquisition of Pinterest

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PayPal said it isn’t currently pursuing a deal for social-media platform Pinterest, days after media reports that the companies were in early talks for a multibillion-dollar deal

that the two California-based companies were in early-stage talks for a deal, citing people familiar with the matter.

PayPal’s stock fell almost 12% in three days after the media reports. Shares of Pinterest, an online-sharing platform on which users share photos and links to recipes and home-decor ideas, closed 13% higher Wednesday, then shed half that gain in the final two days of the week. A deal for Pinterest would be one of the biggest mergers of the year, and PayPal’s biggest-ever acquisition. Pinterest’s market capitalization stands at more than $37 billion.

 

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PayPal Denies Reports It’s Pursuing Pinterest Acquisition DealI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her earn_with_Jens1 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success paypal. let's get deal with quid As expected. PayPal doesn't need Pinterest, Pinterest needs PayPal.
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »

PayPal Denies Reports It’s Pursuing Pinterest Acquisition DealI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her earn_with_Jens1 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success paypal. let's get deal with quid As expected. PayPal doesn't need Pinterest, Pinterest needs PayPal.
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »