PayPal Exploring a Purchase of Pinterest, Valuing Social Media Firm at $39 Billion

PayPal is exploring an acquisition of social media company Pinterest, Bloomberg News reported on Wednesday. From a report: San Jose, California-based PayPal has recently approached Pinterest about a potential deal, the people said, asking not to be identified because the talks are private. The companies have discussed a potential price of around $70 a share, which would value Pinterest at roughly $39 billion, one of the people said.

Read more of this story at Slashdot.