PayPal has approached Pinterest about a takeover, sources say
Potential deal would value the social media company at about $40 billion
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Potential deal would value the social media company at about $40 billion
PayPal Holdings Inc. is exploring an acquisition of social media company Pinterest Inc., people with knowledge of the matter said.
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 could be looking at acquiring Pinterest, Bloomberg reported today. Following the news, the company's stock was halted twice, before gaining 11% as of late morning. PayPal, meanwhile, dipped...
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.