![]() “(The) combination would be a significant positive for PayPal’s ongoing monetization initiatives on both sides of its merchant and consumer platforms, especially if Pinterest’s social commerce platform gets integrated with Honey’s AI into PayPal’s destination app,” Wedbush analysts wrote in a note. This acquisition would allow PayPal to capture more of that e-commerce growth and diversify its income through advertising revenue. The deal might have been visioned keeping in mind the increasing number of internet shoppers who buy items they see on social media platforms such as Instagram and TikTok. Sharp founded the online scrapbook and photo-sharing platform in 2010 with Ben Silbermann, who is the San Francisco, California-based company’s chief executive officer, and Paul Sciarra, who left in 2012. Not a while ago Pinterest co-founder Evan Sharp had announced plans to leave the company to join LoveFrom, a firm led by Jony Ive, the designer of many iconic Apple products. Surpassing Microsoft Corp’s (MSFT.O) $26.2 billion purchase of LinkedIn in 2016, this would be the biggest acquisition of a social media company. ![]() The price would represent a 26% premium to Pinterest’s closing price of $55.58 on Tuesday,” according to Bloomberg News. “The companies have discussed a potential price of $70 per share, which would value Pinterest at around $39 billion. ![]() PayPal Holdings Inc (PYPL.O) is in talks to buy digital pinboard site Pinterest Inc (PINS.N) for $45 billion, people familiar with the matter said on Wednesday. ![]()
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