PayPal looking to buy Pinterest in $39bn deal – report

Potential price of $70 per share reportedly discussed

Pinterest is a social media service that allows users to pin and share images and ideas. Photograph: iStock

Pinterest is a social media service that allows users to pin and share images and ideas. Photograph: iStock

 

PayPal was looking to buy Pinterest in a deal that could value the digital pinboard site at about $39 billion (€33.5 billion), Bloomberg reported on Wednesday, citing people with knowledge of the matter.

The companies have discussed a potential price of $70 per Pinterest share, according to the report.

PayPal and Pinterest did not immediately respond to requests for comment. – Reuters