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2/11, 4:18 AM (Source: TeleTrader)
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Microsoft was in talks to acquire Pinterest - report

Microsoft Corp. approached Pinterest with an offer to buy the company, Financial Times reported on Thursday. The talks took place "in recent months" and are no longer active, according to people familiar with the matter.

In its latest quarterly earnings release, Pinterest boasted an increase of 100 million monthly active users in 2020. The social media company's fourth-quarter income improved by 76% on a yearly basis to reach $706 million, while its share price jumped by over 200% in a year.

Breaking the News / DJ