Deals
PayPal Is Exploring a Purchase of Pinterest
- Pinterest has been helping creators make ‘pins’ shoppable
- Firms have discussed potential price of around $70/share
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PayPal Holdings Inc. is exploring a $45 billion acquisition of social media company Pinterest Inc., in what could be the biggest technology deal of the year and move the payments company closer to its ambitions of becoming a “super app.”
San Jose, California-based PayPal recently approached Pinterest about a potential deal, said people with knowledge of the matter, who asked not to be identified because the details are private. The companies have discussed a price of around $70 a share, the people said.