PayPal doesn’t want to buy Pinterest for the time being. On Monday night, the Internet payment service announced that it would initially no longer pursue the billion-dollar takeover. PayPal did not communicate more. So far, only insiders had reported about the efforts. Accordingly, PayPal is said to have offered $ 70 per Pinterest share, which would have been around $ 45 billion. It would have been the largest takeover of a social network to date, well above the approximately $ 26 billion Microsoft paid for LinkedIn in 2016.
With the digital picture collection service Pinterest, there has been unrest not only since the interest of PayPal that became known last week. Co-founder Evan Sharp left the company earlier this month. Both companies are considered winners of the corona pandemic. In times of exit and contact restrictions, more people paid for their goods via PayPal. There were more users on Pinterest who were inspired, for example, for handicraft or home improvement projects.