{"id":17730,"date":"2021-10-25T09:11:37","date_gmt":"2021-10-25T16:11:37","guid":{"rendered":"https:\/\/marketdepth.com\/?p=17730"},"modified":"2021-10-25T09:11:38","modified_gmt":"2021-10-25T16:11:38","slug":"paypal-rubbishes-potential-acquisition-of-pinterest","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/paypal-rubbishes-potential-acquisition-of-pinterest\/","title":{"rendered":"PayPal Rubbishes Potential Acquisition of Pinterest"},"content":{"rendered":"\n
PayPal Holdings Inc. (NASDAQ: PYPL) announced that it is in fact not pursuing an acquisition of Pinterest Inc. (NYSE: PINS).<\/p>\n\n\n\n
\u201cIn response to market rumors regarding a potential acquisition of Pinterest by PayPal, PayPal stated that it is not pursuing an acquisition of Pinterest at this time,\u201d<\/p>The Company Announced on Monday<\/cite><\/blockquote>\n\n\n\n
According <\/a>to BNN Bloomberg, the two companies had discussed the acquisition, at a price around USD 70 per share, valuing Pinterest at roughly USD 45 billion. Pinterest\u2019s shares jumped 13% on Wednesday after the conversation between the two firms was reported. However, once Paypal had clarified its stance, Pinterest shares dropped over 14% in premarket trading on Monday, while Paypal shares gained 6% before the open.<\/p>\n","protected":false},"excerpt":{"rendered":"PayPal Holdings Inc. (NASDAQ: PYPL) announced that it is in fact not pursuing an acquisition of Pinterest Inc. (NYSE: PINS). \u201cIn response to market rumors regarding a potential acquisition of Pinterest by PayPal, PayPal stated that it is not pursuing an acquisition of Pinterest at this time,\u201d The Company Announced on Monday According to BNN… View Article<\/a>","protected":false},"author":3,"featured_media":17731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[31,17,11,7,16],"tags":[],"acf":[],"yoast_head":"\nPayPal Rubbishes Potential Acquisition of Pinterest - MarketDepth<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n