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Best known for its checkout button enabling consumers to easily pay for purchases on retailers’ websites, PayPal recently set a strategy of being a go-to service for not just payments and financial services, but also e-commerce more broadly. Buying Pinterest could bring users to PayPal earlier in their shopping experience and help them discover new items to buy, leading to more payments volume.
A deal for Pinterest would be one of the biggest mergers of the year, at a time when deal activity is humming. Surging stock prices and easy access to cash as the economy recovers from Covid-19 have emboldened companies to strike more than $2 trillion of deals in the U.S. so far this year, more than double last year’s pace, according to Dealogic.
https://www.wsj.com/articles/paypal-is-in-talks-to-buy-pinterest-11634750358
