Paypal Is In Discussions To Purchase Pinterest At 45 Billion According To Reports
According to a source familiar with the situation, PayPal Holdings Inc is in discussions to purchase digital pinboard site Pinterest Inc. According to Bloomberg News, the businesses have discussed a potential price of $70 per share, which would value Pinterest at approximately $39 billion. The offer represents a 26 percent premium over Pinterest’s Tuesday closing price of $55.58. PayPal and Pinterest did not reply to demands for comment from Reuters right away....