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PayPal Says Not Pursuing Acquisition of Pinterest

PayPal Says Not Pursuing Acquisition of Pinterest

U.S. payments giant PayPal Holdings Inc. said it isn’t currently pursuing a deal for social-media platform Pinterest Inc., days after media reports that the companies were in early talks for a multibillion-dollar deal.

In a one-sentence statement dated Sunday on its website, PayPal said that “in response to market rumors regarding a potential acquisition of Pinterest by PayPal,” the company “is not pursuing an acquisition of Pinterest at this time.”

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