How much is Elliott Investment Management investing in Pinterest?

Elliott Investment Management is investing $1 billion in Pinterest.

What will Elliott's investment support at Pinterest?

Elliott's investment will support Pinterest's share repurchase initiatives, including a new $3.5 billion program.

What are the terms of Elliott's investment in Pinterest notes?

Elliott will purchase $1 billion in convertible senior notes with an initial conversion price of about $22.72 a share, maturing on March 1, 2031.

Home / Business and Economy / Elliott Invests $1B in Pinterest for Share Buybacks

Elliott Invests $1B in Pinterest for Share Buybacks

3 Mar

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Summary

Elliott Investment Management is injecting $1 billion into Pinterest.
The funds will support Pinterest's new $3.5 billion share repurchase program.
Notes purchased by Elliott convert at a 30% premium over Monday's closing price.

Elliott Invests $1B in Pinterest for Share Buybacks

Elliott Investment Management has committed $1 billion to Pinterest, announced on Tuesday, March 3, 2026. This investment supports the social media company's ongoing initiatives to repurchase its own shares.

Pinterest's board authorized a new $3.5 billion share repurchase program on Tuesday. The company also intends to acquire up to $500 million in additional shares using available cash.

Elliott will purchase $1 billion in Pinterest's convertible senior notes. These notes carry an initial conversion price of approximately $22.72 per share, a 30% increase compared to Monday's closing price. The notes mature on March 1, 2031, and accrue interest at an annual rate of 1.75%.

Pinterest CEO Bill Ready expressed confidence, viewing Elliott's investment as validation of the company's progress and future potential. Elliott, a stakeholder since 2022, shares this optimistic outlook on Pinterest's business path.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.