Brief: Pinterest Announces $1 Billion Strategic Investment From Elliott And $2 Billion Of Near-Term Share Repurchases

Pinterest

03/03/2026 12:31

March 3 (Reuters) - Pinterest Inc PINS.N:

PINTEREST ANNOUNCES $1 BILLION STRATEGIC INVESTMENT FROM ELLIOTT AND $2 BILLION OF NEAR-TERM SHARE REPURCHASES

PINTEREST: AUTHORIZES NEW $3.5 BILLION SHARE REPURCHASE PROGRAM

PINTEREST: NOTES WILL HAVE AN INITIAL CONVERSION PRICE OF ABOUT $22.72 PER SHARE OF PINTEREST'S CLASS A COMMON STOCK

PINTEREST -  IN ADDITION TO ASR, TO REPURCHASE UP TO $500 MILLION IN SHARES FROM CASH

Source text: ID:nBw2RFBdra

Further company coverage: PINS.N

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