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Briefing

PayPal Says It’s Not Pursuing an Acquisition of Pinterest

By
Shai Oster
· · Source: The Information

PayPal issued a statement saying it “is not pursuing an acquisition of Pinterest at this time,” apparently ending its consideration of the acquisition. Last week several media outlets had reported that PayPal was exploring a deal that would have cost somewhere north of $40 billion. Pinterest stock immediately jumped 13% but PayPal stock slid 11% over several days, a sign that investors did not...

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