PayPal has discussed acquiring the company for a potential price of around $70 apiece, which would value Pinterest at about $39 billion, according to Bloomberg
The company’s stock was halted twice, before gaining 11% as of late morning. PayPal, meanwhile, dipped more than 3% on the news
PayPal has discussed acquiring the company for a potential price of around $70 apiece, which would value Pinterest at about $39 billion, according to Bloomberg
PayPal has largely benefitted from the boom in online shopping since the start of the pandemic. A potential acquisition of Pinterest could push the company into social commerce, a growing space that other tech giants are already working on
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