What an eventful month! Besides the busy earnings news, we also have some interesting news on the M&A front. This time, it is the potential merger of PayPal (NASDAQ: PYPL) and Pinterest (NASDAQ: PINS). The news came up after one of the world's largest activist fund managers, Elliott Investment Management has disclosed its significant stakes in both companies recently.
This is understandable as the investment firm is a well-known activist fund and these two acquisitions came about in a rather unprecedented time too. Apparently, the market loves it when the news is announced; both stocks have shown pretty decent rise in their share prices. See below.
However, this is not the first time PayPal is rumored to be keen in acquiring Pinterest. Could this be the last draw required to bring these two firms together? (tweet it) So far, the signs...