×

Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

According to Reuters, Pinterest (PINS) approached by Microsoft Corporation (MSFT)

  • February 11, 2021

POTENTIAL DEAL DETAILS

StockPinterest, Inc.SymbolPINS
Date Announced02/10/2021Source Reuters
TypeNews Report

Microsoft Corp (MSFT) approached Pinterest Inc (PINS) in recent months about a potential deal to acquire the $51 billion social media company, the Financial Times reported on Wednesday, citing people briefed on the matter.

Update(s):

October 20, 2021: PayPal Holdings Inc. (PYPL) is exploring an acquisition of social media company Pinterest Inc.,  (PINS) people with knowledge of the matter said.

October 24, 2021: Regarding a potential acquisition of Pinterest by PayPal, PayPal stated that it is not pursuing an acquisition of Pinterest at this time.

 

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.