International Business: Paypal in $45 bln bid for Pinterest – Gulf Digital News

  • Date: 21-Oct-2021
  • Source: Gulf Daily News
  • Sector:Economy
  • Country:Gulf
  • Who else needs to know?

International Business: Paypal in $45 bln bid for Pinterest – Gulf Digital News

PayPal Holdings Inc has made an offer to buy digital pinboard site Pinterest Inc for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more tie-ups between financial technology and social media companies in e-ecommerce.

The per share price would represent a 26% premium to Pinterest's closing price of $55.58 on Tuesday.

PayPal plans to finance the acquisition mostly through stock, the sources said.

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