PayPal is exploring a purchase of Pinterest
PayPal has recently approached Pinterest about a potential deal, at a price that would value the transaction at more than $50 billion.
Source: afr.com
Stay updated with breaking news from Evan Sharp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
PayPal has recently approached Pinterest about a potential deal, at a price that would value the transaction at more than $50 billion.
PayPal is exploring purchasing social media company Pinterest, according to multiple reports.
The talks come as internet shoppers increasingly buy items they see on social media sites like TikTok and Instagram.
The companies have discussed a potential price of $70 per Pinterest share, according to the report.
Paypal approached digital pinboard site Pinterest, which has 478m active users, about possible acquisition, Bloomberg News reports