Paypal’s payment system disruled from the information that it allegedly prepares to buy a potential competitor Instagram – Pinterest service. This was said in a statement. They specified that at present no steps for the transaction are not taken
After the refusal of PayPal to buy a service at preliminary trading in the New York Stock Exchange on Monday, October 25, photo hosting shares hit 10.05 percent – up to $ 52.22 per piece. For its part, PayPal rose on the NASDAQ exchange rate of 6 percent, to $ 254.9.
Paypal plans to buy Pinterest earlier reported Bloomberg. The Agency indicated that the parties discussed the possible price of approximately $ 70 per share, which would mean an estimate of the entire Pinterest of about $ 45 billion. On Wednesday, October 20, against the backdrop of the news about the transaction of Paper Pinterest rose by 18.8 percent on the New York Stock Exchange.
In the beginning of 2021, the purchase of Pinterest made Microsoft Corporation. This deal could be the largest in the history of technological. Pinterest herself during a pandemic has risen in price by 600 percent, its market value approached 51 billion dollars.