Pinterest Stock Spikes on Report of PayPal Buyout Interest. Pinterest Has No Comment.

1 month ago 14
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Updated Oct. 20, 2021 12:57 p.m. ET / Original Oct. 20, 2021 11:55 americium ET

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Pinterest banal was jumping connected a study that said PayPal was exploring a imaginable acquisition of the societal media company.

PayPal (ticker: PYPL) was looking to get Pinterest (ticker: PINS) astatine astir $70 a share, which would worth the societal media tract astatine astir $39 billion, radical acquainted with the woody told Bloomberg. The terms would correspond a 26% premium to Pinterest’s closing terms of $55.58 connected Tuesday. The presumption could inactive change, and determination is nary certainty the talks volition pb to an agreement, Bloomberg said.

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