PayPal wants to pay how much for Pinterest?

(Pocket-lint) - Your go-to tract for inspiration mightiness soon beryllium bought by 1 of the astir fashionable integer payments providers.

According to Bloomberg, PayPal wants to bargain Pinterest for an magnitude that would marque it the largest acquisition successful the user net abstraction successful the past decennary and 1 of the largest for PayPal, too, which was spun from eBay successful 2015. It reportedly offered $45 billion, oregon astir $70 a stock for Pinterest.

Keep successful caput immoderate different eye-popping acquisitions successful the past 10 years don't adjacent travel adjacent to hitting that number.

For instance, Microsoft gobbled up Linkedin successful 2016 for $26 billion, and Salesforce bought Slack successful 2020 for astir $30 billion. And don't hide erstwhile Facebook bought WhatsApp successful 2014 for $19 billion. It besides got Instagram for $1 cardinal successful 2012. And past Yahoo acquired Tumblr for that aforesaid terms a twelvemonth later.

Most radical usage Pinterest for ideas connected worldly to buy. Even if they usage it for trade ideas and DIY projects and recipes, they usually person to bargain thing after.

To assistance users observe products and find akin items, Pinterest has rolled retired features successful caller years that let radical to search for items successful a photograph. It also, of course, has introduced immoderate transacting capabilities - oregon "buyable pins" - truthful radical tin prevention images to pinboards and bargain goods.

By buying Pinterest, PayPal would beryllium expanding its beingness successful e-commerce. In 2019, it bought online coupon level and hold Honey for $4 billion.

The New York Times noted PayPal's CEO precocious told Wall Street analysts helium wants PayPal to go a "super app" encompassing galore services.

Writing by Maggie Tillman. Originally published connected 21 October 2021.