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- Payments firm PayPal Holdings Inc (NASDAQ:PYPL) is not pursuing an acquisition of visual search and scrapbooking platform Pinterest (NYSE:PINS) at this time.
- Earlier, there were market rumors that PayPal has recently discussed a possible price of around $70 a share, valuing Pinterest at $45 billion.
- The Pinterest deal would have given PayPal, which paid $4 billion last year for couponing and price-comparison app Honey Science, even more data about the products consumers are buying and the ability to advertise or offer discounts based on that data potentially, Bloomberg reports.
- Related Content: BofA On PayPal's Potential Pinterest Buyout
- Price Action: PYPL shares traded higher by 4.45% at $251.04, while PINS is down 13.4% at $50.26 in the premarket session on the last check Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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