Is Pinterest Waving The White Flag in PayPal Talks?

Is Pinterest Waving The White Flag in PayPal Talks?
·4 min read

Pinterest (NYSE: PINS) shares popped Wednesday on news that the company is in talks with fintech giant PayPal (NASDAQ: PYPL) to be acquired for $70 a share. PayPal's purported offer price, according to the story first reported in Bloomberg, represented a 26% premium to where it closed on Tuesday. This isn't the first time Pinterest has been pursued by a tech giant.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting