PayPal confirms it isn't trying to acquire Pinterest right now

S. Dent@stevetdentOctober 25th, 2021In this short article: information, gear, social network, PayPal, denial, payments, acquisition, PinterestDado Ruvic / reuters

PayPal has stated that it can be “not pursuing an acquisition of Pinterest at this time,” effectively denying rumors of an imminent $45 billion acquisition initially reported by Bloomberg. The a single-line launch does not affirm or deny that the organizations ended up at any time in talks, but the reaction seems to close any likelihood of a offer occurring in the in the vicinity of foreseeable future. Pinterest has but to remark on the rumor. 

The offer appeared odd at to start with look, looking at that PayPal’s banking and merchant business is considerably eliminated from a social network like Pinterest. PayPal a short while ago obtained purchase now, fork out later service provider Paidy and has gotten into cryptocurrency investing, but all those matters are at least associated to its most important company. Nevertheless, Pinterest does have just one commerce foothold with social buying via pins that permit you to make purchases instantly from the app. 

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