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PayPal Says It’s Currently Not Pursuing Pinterest Deal

  • Potential deal would have valued Pinterest at $45 billion
  • PayPal is seeking to grow beyond payments into a super app
Pinterest Illustrations Ahead Of Earnings Figures
Photographer: Gabby Jones/Bloomberg
Updated on

PayPal Holdings Inc. said it isn’t pursuing an acquisition of Pinterest Inc., ending days of speculation over a potential $45 billion deal.

San Jose, California-based PayPal had approached Pinterest about a potential deal, Bloomberg News reported last week. The companies discussed a potential price of around $70 a share, people with knowledge of the matter said, a price that would have valued Pinterest at about $45 billion.