Technology

PayPal looking to buy Pinterest in $39bn deal – report

Potential price of $70 per share reportedly discussed

Pinterest is a social media service that allows users to pin and share images and ideas. Photograph: iStock
Pinterest is a social media service that allows users to pin and share images and ideas. Photograph: iStock
Wed Oct 20 2021 - 16:54

PayPal was looking to buy Pinterest in a deal that could value the digital pinboard site at about $39 billion (€33.5 billion), Bloomberg reported on Wednesday, citing people with knowledge of the matter.

The companies have discussed a potential price of $70 per Pinterest share, according to the report.

PayPal and Pinterest did not immediately respond to requests for comment. – Reuters

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