BREAKING NEWS

PayPal looking to buy Pinterest in $39 bln deal

PayPal Holdings Inc was looking to buy Pinterest Inc in a deal that could value the digital pinboard site at about $39 billion, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.

The companies have discussed a potential price of $70 per Pinterest share, according to the report.

PayPal and Pinterest did not immediately respond to Reuters' requests for comment.

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