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#Roommates, the business world is currently flooded with information about Paypal And Pinterest may involve billions of dollars and a history-making transaction. Several financial institutions have reported that PayPal is currently discussing the acquisition of Pinterest for $45 billion-which will easily make it one of the largest Internet consumer transactions in modern history.
According to @NYTimes, it is reported that the popular digital payment company PayPal bid Sources close to the proposed commercial transaction revealed that the digital nail board platform Pinterest was acquired for approximately US$45 billion. According to reports, PayPal provided Pinterest with a price of $70 per share, which is 25% higher than the opening price of Pinterest, which was listed earlier this week. It seems that the business environment is excited about this potential transaction, because as soon as the news came out, Pinterest’s stock price rose by 13%-bringing the company’s latest valuation to $39 billion.
Although it has not yet been finalized, if the PayPal/Pinterest deal moves forward, it will become one of the largest consumer Internet purchases in recent history, surpassing the previous leader Salesforce’s $27.7 billion acquisition of Slack last year. PayPal’s current valuation is as high as US$306 billion, which means that the acquisition of Pinterest will further make it one of the world’s top online companies.
As for Pinterest, due to the increase in revenue and user growth during the COVID-19 pandemic, the stock price hit a new high, and the company rebounded after several years of downturn.
Currently, representatives of PayPal and Pinterest have not publicly commented on reports of the transaction.
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