By Dave Sebastian
--Shares of Pinterest Inc. rose about 12% to $62.23 after Bloomberg reported that PayPal Holdings Inc. is exploring a purchase of the social-media company.
--PayPal recently approached Pinterest for the potential transaction, Bloomberg reported Wednesday, citing unnamed sources.
--PayPal shares fell about 3.6% to $261.85.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
10-20-21 1202ET