PayPal Holdings looking to buy Pinterest in $39 billion deal: Report
The companies have discussed a potential price of $70 per Pinterest share, according to the report.
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The companies have discussed a potential price of $70 per Pinterest share, according to the report.
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 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's shares were down about 3.5%, while Pinterest's shares were up over 10% at $61.55.
Speaking of share value, Pinterest is currently trading up nearly 14 percent on the day at $63.37 as of this writing.