PayPal denies it is seeking to acquire Pinterest

A Pinterest logo is seen on a smartphone placed over US dollar banknotes and a 3D printed PayPal logo in this illustration taken October 20, 2021. REUTERS/Dado Ruvic/Illustration-RC2WDQ9TRAH3

Dado Ruvic / Reuters

Soon after Bloomberg broke the news that PayPal was offering $45 billion to acquire Pinterest,PayPal An official denial statement was given. They stated that they “are not currently seeking to acquire Pinterest,” but in a few words of statement they did not deny whether the two parties had previously negotiated this matter. And Pinterest has not yet responded to the rumors.

This potential acquisition may be a bit surprising at first glance, after all, the businesses of PayPal and Pinterest are not very close. If the deal is concluded, the former may use the latter’s platform to enter the social business field. But now PayPal’s statement makes this possibility very small (at least in the short term it should be the case).

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