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PayPal Says It Is Not Pursuing Acquisition of Pinterest

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3 years ago

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PayPal Says It Is Not Pursuing Acquisition of Pinterest

PayPal does not currently intend to acquire Pinterest. The payment company said in response to media reports that it is negotiating to acquire the digital listing site for up to US$45 billion (about Rs 336.77 billion).

Pinterest did not immediately respond to Reuters’ request for comment outside working hours. Bloomberg News first reported on the negotiations between the two companies last week, which was later confirmed by Reuters. A source at the time told Reuters that PayPal offered Pinterest US$70 (approximately 5,250 rupees), most of which were stocks.

At this price, this transaction will be the largest acquisition of a social media company, surpassing Microsoft’s $26.2 billion (approximately INR 19599 crore) acquisition of LinkedIn in 2016. PayPal did not provide more details in its statement. It also did not respond to requests for comment seeking details of possible negotiations with Pinterest. Since the beginning of the negotiations, PayPal’s stock price has fallen by approximately 11.5%, while Pinterest has risen by approximately 4.5%.

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News Source: Gadgets360

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

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2 months ago

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November 6, 2024

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.

SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.

In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.

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Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.

“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.

“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.

SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.

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On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.

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