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PayPal Is Exploring a Purchase of Pinterest

  • Pinterest has been helping creators make ‘pins’ shoppable
  • Firms have discussed potential price of around $70/share
Bloomberg business news
WATCH: PayPal is said to be exploring a potential del to acquire social media company Pinterest.Source: Bloomberg
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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.