Pinterest jumps after report says Microsoft made a takeover approach
The stock has more than doubled over the past six months
11 February 2021 - 18:00
New York — Pinterest shares jumped in early trade on Thursday after the Financial Times reported that Microsoft had approached the social media company about a potential takeover in recent months.
Shares were up 7.5% before the bell, suggesting Pinterest would open at a record high. The stock has more than doubled over the past six months. Recent gains came on the back of fourth-quarter results that beat expectations...
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