PayPal is preparing to acquire popular social networking platform Pinterest. In the contract, the details of which have not been finalized yet, it was claimed that PayPal had discarded exactly 45 billion dollars.
PayPal Holdings Inc on Wednesday, October 20 A $45 billion bid to buy Pinterest prepared. The company, which wants to diversify its income with advertisements together with the personal data obtained from social networking platforms, tries to achieve this goal by incorporating Pinterest.
According to the statements made, the said $45 billion offer is expected to be financed mostly through stocks. PayPal to Pinterest $70 per share has offered a price.
It is not yet known when the purchases will be made.
We can say that the increase in interest in online shopping during the pandemic period has benefited PayPal the most. Although they cannot provide service in our country, PayPal, which is widely used abroad, Rare companies positively impacted by the pandemic is among.
Pinterest, on the other hand, is one of the social networking platforms that has started to attract more users and attract attention, especially during the pandemic period, just like PayPal. PayPal, which wants to join forces with Pinterest, In this way, for the first time, you can earn ad revenue. will start to do.
There are no final details about the contract between the two companies. PayPal CEO Daniel Schulman and Pinterest CEO and Ben Silbermann, keep quiet about it for now. prefers.
Source :
https://www.reuters.com/technology/paypal-looking-buy-digital-pinboard-site-pinterest-bloomberg-news-2021-10-20/