Payments giant PayPal Holdings Inc is in talks to buy digital pinboard site Pinterest Inc , according to a person directly familiar with the matter.
The companies have discussed a potential price of $70 per share, which would value Pinterest at around $39 billion, according to Bloomberg News. The price would represent a 26% premium to Pinterest’s closing price of $55.58 on Tuesday.
PayPal and Pinterest did not immediately respond to Reuters’ requests for comment. The source requested anonymity as the discussions are confidential.Livemint