PayPal preparing US$45 billion bid for Pinterest
Inside Retail
OCTOBER 21, 2021
Acquiring Pinterest would allow PayPal to capture more of that e-commerce growth and diversify its income though advertising revenue. Its shares have risen about 36 per cent in the last 12 months, giving it a market capitalization of nearly $320 billion. Pinterest was valued at about $13 billion when it went public in 2019.
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