PayPal in talks to buy Pinterest
- ByManjeet Singh | October 22, 2021
The two go hand in hand: digital payments and online shopping. Now PayPal is combining the two.
Sources with knowledge of the discussions say that the Silicon Valley digital payments giant has offered to buy Pinterest, the digital pinboard company that enables e-commerce within its app, in a deal valued at about $45 billion. PayPal is offering around $70 per share for Pinterest, according to the people. This is a 25 percent increase over Pinterest’s opening share price on Wednesday.
According to the data service firm Dealogic, if the deal closes, it will be the largest consumer internet acquisition over the past decade, topping Microsoft’s $26 billion purchase of LinkedIn in 2016 and Salesforce’s $27.7 billion purchase of Slack last year. PayPal, which was spun off from eBay in 2015, would also have one of its biggest deals ever.
Follow Startup Story
Related Posts
