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PINS

Pinterest

$55.59 /

-0.005 (-0.01%)

, PYPL

PayPal

$270.33 /

-1.3 (-0.48%)

11:33
10/20/21
10/20
11:33
10/20/21
11:33

PayPal in talks to acquire Pinterest for around $70 per share, Bloomberg reports

PayPal (PYPL) has recently approached Pinterest (PINS) about a potential takeover and the companies discussed a potential price of around $70 per share, or around $39B, Ed Hammond and Liana Baker of Bloomberg report, citing people with knowledge of the matter said. A deal at that level would represent about a 26% premium to Pinterest's Tuesday closing price of $55.58. Terms of a transaction could still change, and there's no certainty the talks will lead to an agreement, sources told Bloomberg. A representative for PayPal couldn't immediately be reached, while a spokesperson for Pinterest couldn't immediately comment to Bloomberg. Shares of Pinterest halted for volatility after rallying 15%, or 8.41, to $64.00 following the report. Shares of PayPal are down 4% to $261.70 in late morning trading.

PINS

Pinterest

$55.59 /

-0.005 (-0.01%)

PYPL

PayPal

$270.33 /

-1.3 (-0.48%)

  • 22

    Oct

  • 08

    Nov

PINS Pinterest
$55.59 /

-0.005 (-0.01%)

10/18/21 Wedbush
Wedbush continues to favor Google, Snap headed into quarterly results
10/18/21 Credit Suisse
Pinterest price target lowered to $62 from $82 at Credit Suisse
10/14/21 OTR Global
Pinterest outlook remains positive, says OTR Global
09/30/21 RBC Capital
Pinterest initiated with a Sector Perform at RBC Capital
PYPL PayPal
$270.33 /

-1.3 (-0.48%)

10/05/21 Piper Sandler
Piper teen survey shows clothing outranked food for first time since 2014
09/09/21 DA Davidson
Valuation of PayPal acquisition of Paidy 'reasonable', says DA Davidson
09/08/21 Citi
PayPal acquisition of Paidy 'solid strategic move,' says Citi
08/31/21 Wolfe Research
PayPal report of stock trading platform not new news, says Wolfe Research

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