PayPal says is not pursuing acquisition of Pinterest
The Hindu
The payments behemoth had offered to buy digital pinboard site Pinterest for $45 billion, according to reports
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.
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