PayPal is in talks to buy social-media platform Pinterest, people familiar with the matter said, a move that would take the payments giant in a new direction
according to people familiar with the matter, in a move that would take the payments giant’s business in a new direction.
The talks are at an early stage and may not lead to a deal, the people cautioned. If they did, it would be big, as Pinterest has a market value of more than $35 billion. News of the deal, first reported by Bloomberg, weighed PayPal shares, which were down roughly 6% Wednesday afternoon. Pinterest shares were trading up roughly 11%.
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