In order to stay up to speed on the newest news, free browsing, movies updates, and money-making tips, join the SMARTTECHVILLAS WhatsApp and Telegram channels!. Click Here To Join Now!

Connect with us

Tech News

PayPal Inc says it’s not looking to acquire Pinterest as Sharehders Eschew

Philip Aladino

Published

on

ADBLOCK

In order to stay up to speed on the newest news, free browsing, movies updates, and money-making tips, join the SMARTTECHVILLAS WhatsApp and Telegram channels!. Click Here To Join Now!

SmarttechVillas
PayPal Inc says it’s not looking to acquire Pinterest Inc

Recent reports on one of Paypal’s trendy deals suggests that PayPal Holdings Inc has dismissed it’s plans to acquire the photo/ video social media Pinterest Inc, a deal which was said to be worth around $45-billion in acquisition of Pinterest Inc.

This incident came out right after the payments company’s shareholders eschew. However, PayPal in a statement released late Sunday said that it was “not pursuing an acquisition of Pinterest at this time.”

Meanwhile the deal talks for which was unveiled last week, would have lead to a new era for both company’s as it would have symbolized the combination of a financial payments firm with wider goal and a photo/video-sharing platform that has transcend beyond measures
to fully atain the benefits of its role in e-commerce.

SmarttechVillas
Andrew Jeffrey/Power Lunch.. image credit: CNBC

PayPal had earlier discussed the acquisition of the company for a potential price of around $70 a share, which would place Pinterest at a value worth about $45 billion. The valuation added the company’s preferred Class B shares. But if removing those shares, the deal worth would be at a value of $39 billion.

for more reports on this, do follow us closely by subscribing to notification delivery below.

Share your thought on this issue with us down below as we would like hear it.

Read More Posts Articles

Advertisements

Dino is a Tech Consultant. Entrepreneur, Website/Blog Developer, Graphic Designer, Blogger and Digital Marketer, he has long been freelancing for more than 6 years before starting up Smartcoretech, during this time was writing for websites like Opera News Hub, Paulworkspace, thescoove.africa etc. He is currently reporting on tech related contents on company's such as Apple, Google, Microsoft, Xiaomi, Facebook, Twitter etc. He also writes on Phone Reviews and Movies. When he is not writing he is working as an IT Manager for a company in his Local. Feel free to contact him via any of the available channels present

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Advertisement          

Recent Posts

Advertisement
Advertisement
Advertisement
Advertisement