PayPal’s share price rose by four per cent on Monday after the firm said it is not pursuing an acquisition of social media firm Pinterest “at this time”.
PayPal issued a brief statement after Bloomberg reported last week that the payments giant was investigating a $39 billion bid for Pinterest.
The report led PayPal shares to fall, while Pinterest’s rose. According to the Wall Street Journal, PayPal has abandoned the deal after shareholder’s reacted negatively.
Following today’s statement, Pinterest shares were down by more than 12%.
Any deal would have aided PayPal in the rush to social commerce that is being targeted by the likes of Instagram. Pinterest has rolled out features that lets users make purchases from creators’ ‘Pins’.
Veel alates Viimased Finextra uuringud
Finastra teeb koostööd Hexaware'iga, et pakkuda pilvetoega PaaS-i
Allikasõlm: 1467867
Ajatempel: November 10, 2021
Kes juhib Ühendkuningriigis avatud pangandusalast haridust ja lapsendamist?
Allikasõlm: 1489724
Ajatempel: November 9, 2021
Jätkusuutlikust rahandusest saadud õppetunnid. ELAGE koostöö, andmete ja maastikupõhise lähenemisviisi ümber
Allikasõlm: 1584947
Ajatempel: Detsember 22, 2021
Visa uhkustab sellega, et see toidab BNPL-i kogu maailmas
Allikasõlm: 1282977
Ajatempel: Oktoober 27, 2021
CaixaBank picks bsurance for embedded life insurance at POS
Allikasõlm: 1308893
Ajatempel: Oktoober 29, 2021
SCOR Investment Partnersi kolm sammu tarneahela rahalise lisaväärtuse tuvastamiseks
Allikasõlm: 1584951
Ajatempel: Detsember 17, 2021
ENNUSTAGE 2022. aastat SmartStreamiga: uuenduslikud tagant ette
Allikasõlm: 1584196
Ajatempel: Jan 13, 2022