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Is Pinterest Waving The White Flag in PayPal Talks?

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