Pinterest made its debut on the New York Stock Exchange in April 2019 at $19More than $3 billion was added to the market value of Pinterest yesterday after reports that Microsoft had approached the image-sharing network regarding a potential takeover. Pinterest shares rose 7.3 per cent, or $5.90, to close at a record high of $87.02. SponsoredMicrosoft already owns LinkedIn, the professional social network, and the video game Minecraft, Last summer it bidding for the US operations of the video-sharing app TikTok. It approached Pinterest in recent months over a possible acquisition, according to the Financial Times, which said the two companies’ discussions were no longer active. Pinterest, based in San Francisco, and founded in 2009, is popular among creative professionals, families searching for interior design inspiration and couples preparing for weddings.

Source: The Times February 12, 2021 00:00 UTC