{"id":14064,"date":"2021-10-21T10:00:28","date_gmt":"2021-10-21T14:00:28","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=14064"},"modified":"2021-12-01T22:00:13","modified_gmt":"2021-12-02T03:00:13","slug":"paypal-offers-to-take-over-pinterest-for-45-billion","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/paypal-offers-to-take-over-pinterest-for-45-billion\/","title":{"rendered":"PayPal Offers To Take Over Pinterest For $45 Billion"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">According to sources familiar with the matter, PayPal has offered to take over Pinterest for a record $45 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While PayPal hopes the acquisition of Pinterest will capture more of the e-commerce growth and further diversify its revenue through advertising revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company reportedly offered $70 a share, most of it in stocks, to Pinterest and hopes to negotiate successfully and announce a deal when it reports its quarterly results on November 8.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although this could be the largest acquisition of a social media company, surpassing Microsoft&#8217;s $26.8 billion purchase of LinkedIn in 2016, sources familiar with the matter stressed that no deal was certain and that conditions could change.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Commenting on the deal, Wedbush analysts said: &#8220;The combination would be a significant positive for PayPal&#8217;s ongoing monetization initiatives on both sides of its merchant and consumer platforms, especially if Pinterest&#8217;s social commerce platform gets integrated with Honey&#8217;s AI into PayPal&#8217;s destination app.&#8221;<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/article\/pinterest-m-a-paypal-hldg\/paypal-in-45-billion-bid-for-pinterest-sources-idUSKBN2HA1XT\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>According to sources familiar with the matter, PayPal has offered to take over Pinterest for a record $45 billion.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[247,271],"class_list":["post-14064","post","type-post","status-publish","format-standard","hentry","category-companies","tag-paypal","tag-pinterest"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/14064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=14064"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/14064\/revisions"}],"predecessor-version":[{"id":14085,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/14064\/revisions\/14085"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=14064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=14064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=14064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}