It is said that PayPal, which specializes in processing payments, offered to buy the digital Pinterest. Insiders told the New York Times that the schedule deal is worth about $45 billion and PayPal is willing to pay $70 per share. That's a 25 percent increase over Pinterest's opening price of about $56 on Wednesday.
Speaking of stock value, Pinterest is currently trading at nearly 14% per day, at $63.37 at the time of writing. The New York Times reports that a Pinterest spokesperson said PayPal did not respond to a request for comment until the deadline.
If this deal expires, it will be one of the largest internet related purchases in recent memory and one of the largest purchases from PayPal.
Pinterest Was Founded Ben Silbermann, Paul Sciarra, and Evan Sharp and was launched in March 2010 in beta. As I mentioned before, the online install board has been a systematic and safe way to grow over the years. This track often frustrated employees and investors, but the last time I looked, it won the race slowly and consistently. This approach has been successful so far and has helped Pinterest avoid the poisoning that plagues other social networking activity. But we haven't heard from anyone about a possible deal. Perhaps these negotiations will stop and pave the way for PayPal?
Microsoft acquisition Sure, given the other companies Redmond has added to its portfolio, including LinkedIn, GitHub, ZeniMax and Mojang, it's also likely that another large acquisition will attract unwanted attention from regulators, and should Microsoft should reconsider.
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PayPal may be interested in buying Pinterest for $45 billion