PayPal in talks to buy Pinterest for $35 Billion

[Ozymandeas]

PayPal Is in Talks to Buy Pinterest

PayPal Holdings Inc. PYPL -6.05% is in talks to buy social-media platform Pinterest Inc., PINS +10.74% according to people familiar with the matter, in a move that would take the payments giant’s business in a new direction.

The talks are at an early stage and may not lead to a deal, the people cautioned. If they did, it would be big, as Pinterest has a market value of more than $35 billion.

News of the deal, first reported by Bloomberg, weighed PayPal shares, which were down roughly 6% Wednesday afternoon. Pinterest shares were trading up roughly 11%.

 

[MJ Truth]

Crazy that something simple like Pinterest would be worth $35 billion, but when you consider how much information they have stored about people on their site, then it makes all the sense.

 

[humminbird]

paypal just throwing money to be relevant
Square will take your spot

 

[Neo. The Only. The One.]

paypal just throwing money to be relevant
Square will take your spot

Breh


We need to build something

 

[cyndaquil]

Breh


We need to build something

Let's build a strip club with robot strippers

 

[SNYC]

They should stunt & actually use PayPal for the transaction