PayPal (PYPL) Said to Explore Purchase of Pinterest (PINS) - Bloomberg

October 20, 2021 11:25 AM EDT

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(Updated - October 20, 2021 11:27 AM EDT)

PayPal (NASDAQ: PYPL) is exploring an acquisition of Pinterest (NYSE: PINS), according to Bloomberg, citing people with knowledge of the matter.

PayPal recently approached Pinterest about a deal.

The companies discussed a potential price of around $70 per share, which would value Pinterest at $39 billion.

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