Pinterest shares soar amid reports of $39bn takeover by PayPal

Pinterest shares soar amid reports of $39bn takeover by PayPal

2 years ago
Anonymous $BH0TGXkyPe

https://www.theguardian.com/technology/2021/oct/20/paypal-pinterest-takeover-technology-report

​​PayPal is reportedly exploring the acquisition of social media company Pinterest, according to Bloomberg News.

PayPal, the financial technology company based in San Jose, California, recently approached Pinterest about a potential deal that would value Pinterest at roughly $39bn, according to Bloomberg. The price is close to its market value on Wednesday. PayPal has a market cap of $304bn.