These products will be showcased at Bangladesh missions abroad, airports, and key locations nationwide, industries ministry minister says
PayPal in talks to buy Pinterest
Payments giant PayPal Holdings Inc is in talks to buy digital pinboard site Pinterest Inc, according to a person directly familiar with the matter.
Published : 20 Oct 2021, 04:32 PM
Updated : 20 Oct 2021, 04:32 PM
The companies have discussed a potential price of $70 per share, which would value Pinterest at around $39 billion, according to Bloomberg News. The price would represent a 26% premium to Pinterest's closing price of $55.58 on Tuesday.
PayPal and Pinterest did not immediately respond to Reuters' requests for comment. The source requested anonymity as the discussions are confidential.
PayPal's shares were down about 3.5%, while Pinterest's shares were up over 10% at $61.55.
News of the potential deal comes less than a week after Pinterest co-founder Evan Sharp announced plans to leave the company to join LoveFrom, a firm led by Jony Ive, the designer of many iconic Apple products.
Sharp founded the online scrapbook and photo-sharing platform along with Ben Silbermann, who is the company's chief executive officer, and Paul Sciarra, who left in 2012.
RELATED STORIES
The main index of DSE drops 60 points or 1 percent to 5,518 on the last business day of the week
A trader says he is losing 10 to 15 chickens a day despite keeping fans switched on round the clock
TikTok's chief executive said on Wednesday the social media company expects to win a legal challenge to block legislation signed into law by President Joe Biden
