PayPal is offering $ 45 billion for Pinterest

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PayPal is offering $ 45 billion for Pinterest

PayPal is offering $ 45 billion for Pinterest

PayPal Holdings Inc (PYPL) has offered to purchase Pinterest Inc ($ 45 billion), a deal that could lead to more financial tech and social media in e-commerce, according to people familiar with the situation.

Online transactions and digital payments are closely linked. PayPal is now trying to combine both.

PayPal is offering $ 45 billion for Pinterest
PayPal is offering $ 45 billion for Pinterest

In a $ 45 billion deal, PayPal has offered to acquire Pinterest, the digital bulletin board company that enables e-commerce through its app, according to sources familiar with the negotiations. PayPal offered Pinterest around $ 70 per share, people said, up 25 percent from Pinterest’s opening price on Wednesday.

The biggest internet deal for consumers

The deal would be the largest in the consumer Internet sector in the last decade, outperforming Salesforce’s $ 26 billion purchase of LinkedIn in 2016 and Slack’s $ 27.7 billion last year, according to data services company Dealogic Year. It would also be one of the biggest deals for PayPal, which was spun off from eBay in 2015 and snapped up payment companies around the world.

Martin Bond
Martin Bond
Admin Nash has been writing about Tech News games and the gaming industry for nearly a decade. When he’s not writing about games, he’s usually playing them. You can find him on Twitter talking about games or sports

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