News > PayPal says not pursuing acquisition of Pinterest

PayPal says not pursuing acquisition of Pinterest

LiveMint | 26/10/2021 08:52 AM | Click to read full article

US payments giant PayPal Holdings Inc. said it isn’t currently pursuing a deal for social-media platform Pinterest Inc., days after media reports that the companies were in early talks for a multibillion-dollar deal.

In a one-sentence statement dated Sunday on its website, PayPal said that “in response to market rumours regarding a potential acquisition of Pinterest by PayPal," the company “is not pursuing an acquisition of Pinterest at this time."