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Fin Tech Company PayPal Bids $45b for Pinterest

Philip Aladino

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PayPal Inc. In bids to acquire Pinterest Inc.

Fin tech comapny PayPal Holdings Inc. Looks to expand into social community company as it’s bids a whooping sum of $45 billion in acquisition for the photo/video social media company Pinterest Inc; a which could turn out to be one of the biggest technology deal of 2021.


Successful aquicition of social media pinterest is a way forward and closer to Paypals aims which is to speed up the companys transition of becoming a “super app.”

The California-based Fin tech company PayPal recently made a move to Pinterest as regards to a possible deal, – reports from people with knowledge of the matter, According to Bloomberg requested that their identity by withheld because the details are private.


Both companies have delebrated on a price of around $70 a share, – they added.

Evaluating the price deal it would make Pinterest worth about $45 billion for the entire company, not exluding its Class B shares, representing about a 26% premium to Pinterest’s Tuesday closing price.

Last year PayPal also purchased a Science Corp. Honey Science Corperation for deal of $4 million hence acquiring Pinterest would mark as PayPal’s biggest-ever acquisition.



However, PayPal Chief Executive Officer Dan Schulman has his foresights focused on standing out PayPal Inc. as a one-stop enterprise for all things shopping and finance. In addition, PayPal intends to add a group of new services to its redecorated app, as well as a high-yield savings accounts, check-cashing services and stock-investing functions.

Recent resonance in online shopping has helped the fin tech giant stock more than double since the start of last year, giving paypal a strong currency it could use for acquisitions. Report from Bloomberg estimates the shares fell 4.9% on Wednesday, evaluating PayPal at about $304 billion.

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Dino is a Tech Consultant. Entrepreneur, Website/Blog Developer, Graphic Designer, Blogger and Digital Marketer, he has long been freelancing for more than 6 years before starting up Smartcoretech, during this time was writing for websites like Opera News Hub, Paulworkspace, thescoove.africa etc. He is currently reporting on tech related contents on company's such as Apple, Google, Microsoft, Xiaomi, Facebook, Twitter etc. He also writes on Phone Reviews and Movies. When he is not writing he is working as an IT Manager for a company in his Local. Feel free to contact him via any of the available channels present

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