shine live limited reports:
According to a Bloomberg report last week, San Jose, California-based PayPal has contacted Pinterest regarding potential transactions. According to people familiar with the matter, the two companies discussed a potential price of around $70 per share, based on which Pinterest is valued at approximately $45 billion.
PayPal said in a statement on Monday: “In response to market rumors about PayPal’s possible acquisition of Pinterest, PayPal said it does not intend to acquire Pinterest at this time.”
( 909.68 , 15.68 , 1.75% )
PayPal’s share price in the German trading platform Tradegate rose by 5%.
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Reprint indicated source：Spark Global Limited information