11 February 2021, 2:21 am EST By
Microsoft approached Pinterest in recent months about a potential deal to acquire the $51bn social media company popular with hobbyists posting home decor, food and wedding collages, people briefed on the matter said. The talks were currently not active, said one of the people briefed about the matter. Microsoft has been pursuing an acquisition strategy aimed at amassing a portfolio of active online communities that can run on top of its cloud computing platform.
(Photo : Photo by Brett Jordan from Pexels)
According to Financial Times, Microsoft has been increasing its efforts to acquire active platforms to expand users on its Azure Cloud Platform. In the recent months, the software giant Microsoft has approached Pinterest in a potential deal to purchase the $15billion social media platform.
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