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PayPal reportedly in talks to purchase Pinterest

PayPal lets users shop with cryptocurrency

PayPal may well be talking about acquiring Pinterest.

Angela Lang/CNET

PayPal could be on the lookout to get social media system Pinterest, in accordance to a number of stories on Wednesday.

The payments company reportedly “not too long ago approached” Pinterest about a opportunity offer. The two businesses have talked about a likely price of $70 per share, in accordance to Reuters, citing a individual immediately common with the issue. That could put Pinterest’s valuation close to the $39 billion mark, in accordance to Bloomberg.

Pinterest and PayPal didn’t quickly react to requests for remark. 

PayPal, which has been about for extra than two a long time, owns many other businesses, which include cell payments application Venmo and online coupon code device Honey. The corporation also final month agreed to purchase Paidy, a Japanese corporation that presents obtain now, pay later on services. 

Pinterest has been earning its very own e-commerce drive, launching shoppable Notion pins in July and other purchasing attributes this thirty day period, such as a verified service provider system. As of July, Pinterest mentioned it had 454 million regular active people