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PayPal Holdings Inc has offered to buy digital pinboard site Pinterest Inc for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more financial technology and social media tie-ups in e-ecommerce.
The potential deal could value Pinterest at approximately $45 billion
The companies have discussed a potential price of $70 per Pinterest share, according to the report.
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PayPal Holdings Inc has offered to buy digital pinboard site Pinterest Inc for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more financial technology and social media tie-ups in e-ecommerce.
PayPal Holdings is exploring an acquisition of the social media company Pinterest, people with knowledge of the matter said.