- Pinterest approached about possible deal, Bloomberg reports
- Financial firm PayPal has benefited from online shopping boom
PayPal is reportedly exploring the acquisition of social media company Pinterest, according to Bloomberg News.
PayPal, the financial technology company based in San Jose, California, recently approached Pinterest about a potential deal that would value Pinterest at roughly $39bn, according to Bloomberg. The price is close to its market value on Wednesday. PayPal has a market cap of $304bn.
