RAMROD 117,037 Posted October 21, 2021 Share Posted October 21, 2021 PayPal Holdings Inc (PYPL.O) has offered to buy digital pinboard site Pinterest Inc (PINS.N) 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. It would be the biggest acquisition of a social media company, surpassing Microsoft Corp's (MSFT.O) $26.2 billion purchase of LinkedIn in 2016. The deal talks come as internet shoppers increasingly buy items they see on social media, often following "influencers" on platforms such as Instagram and TikTok. Acquiring Pinterest would allow PayPal to capture more of that e-commerce growth and diversify its income though advertising revenue. PayPal has offered $70 per share, mostly in stock, for Pinterest, one of the sources said. The online payments provider hopes to successfully negotiate and announce a deal by the time it reports quarterly earnings on Nov. 8, the source added. The sources cautioned that no deal was certain and terms could change. They asked not to be identified because the matter is confidential. https://www.reuters.com/technology/paypal-looking-buy-digital-pinboard-site-pinterest-bloomberg-news-2021-10-20/ 🤑🤑🤑🤑🤑🤑 (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ᶠʳᵒⁿᵗ ᵗᵒʷᵃʳᵈ ᵉⁿᵉᵐʸ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
Taylucifer 5,249 Posted October 21, 2021 Share Posted October 21, 2021 I was unaware pinterest was worth that much oh my god, good for them Spoiler PayPal buying them seems a bit random but ok TayDaily Link to post Share on other sites More sharing options...
Featured Posts
Archived
This topic is now archived and is closed to further replies.