US News

PayPal in $45 billion bid for Pinterest -sources

Published by
Reuters

By Greg Roumeliotis and Arriana McLymore (Reuters) – PayPal Holdings Inc has offered to buy digital pinboard site Pinterest Inc for $45 billion, people familiar with the matter said on Wednesday, a combination that could herald more financial technology and social media tie-ups in e-ecommerce. It would be the biggest acquisition of a social media company, surpassing Microsoft Corp’s $26.2 billion purchase of LinkedIn in 2016. The deal talks come as internet shoppers increasingly buy items they see on social media, often following “influencers” on platforms such as Instagram and TikTok. Acquiri…

Read More

Facebook Comments

Check Also

Convicted killer Peterson re-sentenced to life after death penalty voided -CNN

Published by Reuters (Reuters) – Convicted killer Scott ...

Archives