Monday, July 15, 2024

Pinterest – UAE pays $ 45 billion to buy key news


Several credible news sources talked about PayPal offering $ 45 billion to buy the social network. Then various payment services such as payment, easy launch of fundraising campaigns among users, …

PayPal offers $ 45 billion to buy Pinterest

Many credible news sources have reported that PayPal has offered $ 45 billion to buy the social networking site Pinterest.

PayPal is one of the most important global companies in the field of digital payments, and has recently served significantly in expanding its business, especially launching various payment services such as purchasing and post-payment, launching easy fundraising campaigns among users, and accepting payments through the use of digital currencies and cryptocurrencies through its platform. But the Pinterest acquisition looks a little out of place.

Those sources say that PayPal mostly plans to fund the deal through shares, but the parameters of the deal are not yet clear, the purpose of which is to buy it.

If the deal goes through, it will be the largest acquisition of a social network to date, surpassing Microsoft’s acquisition of LinkedIn in 2016 for $ 26.2 billion.


Reuters – Bloomberg

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Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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