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Business Updates: PayPal Is Said to Be in Talks to Buy Pinterest [The New York Times]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
Skip to contentSkip to site indexToday’s PaperOct. 20, UpdatedOct. 20, , 4:11 p.m. ETDaily Business Briefing-%DowNasdaqAs ofData delayed at least 15 minutesSource: FactSetImageCredit...Anastasiia Sapon for The New York TimesByLauren HirschErin GriffithPayPal, the digital payments company, has offered to buy Pinterest, the digital pinboard company, in a deal valued at about $45 billion, according to people with knowledge of the discussions.PayPal has offered around $70 a share for Pinterest, the people said, a 25 percent increase from Pinterest’s opening share price on Wednesday. Pinterest shares jumped about 13 percent following reports of the potential deal, bringing the company’s valuation to $39 billion, and trading on the New York Stock Exchange was halted twice on Wednesday. Bloombergfirst reportedA Pinterest spokeswoman declined to comment. PayPal did not respond to a request for comment.If a deal were to be completed, it would be one of the largest consumer internet purchases i Show less Read more
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