PayPal will not go ahead with the acquisition of Pinterest
Mon, Oct 25, 2021 12:43 PM

PayPal will not go ahead with the acquisition of Pinterest

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PayPal Inc announced that it is not going ahead with the acquisition of Pinterest. Earlier in the week, there was a rumour that the payments behemoth had offered to buy digital pinboard site Pinterest for $45 billion, or about $70 per share, mostly in stock. Pinterest is an image sharing and social media service designed to enable saving and discovery of information on the internet using images.

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