REUTERS - PayPal has offered to Pinterest $45B, people familiar with the matter said. PayPal has offered $70 per share, mostly in stock, for Pinterest. The online payments provider hopes to successfully negotiate and announce a deal by the time it reports quarterly earnings on Nov. 8. PayPal's offer represents a 26% premium to Pinterest's closing price of $55.58. PayPal's shares fell ~4% on the news, while Pinterest rose ~14% to $63.51.
by Greg Roumeliotis & Arriana McLymore
See full article at Reuters
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