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Digital scrapbooking company has faced challenges of late
In what would be a blockbuster acquisition, PayPal is reportedly exploring the purchase of social media company Pinterest, according to Bloomberg. According to the publication, San Jose, California-based PayPal has “recently approached” Pinterest about a potential buyout. Citing an anonymous source, Bloomberg said PayPal could pay around $70 a share, which would value Pinterest at […]
PayPal's shares were down about 3.5 per cent on Wednesday, while Pinterest was up over 10 per cent at $61.55.