Tuesday, July 22, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Acquisition

Paypal is in talks to buy Pinterest for $45 billion, according to reports

Tech Gist Africa by Tech Gist Africa
10/22/2021
in Acquisition, Social media, World News
0 0
0
Paypal Pinterest

Paypal Pinterest

0
SHARES
Share on FacebookShare on Twitter

According to sources, PayPal has made an offer to buy digital pinboard site Pinterest for $45 billion.

It would be the largest social media acquisition ever, topping Microsoft’s $26.2 billion acquisition of LinkedIn in 2016.

According to one of the sources, PayPal has offered $70 per share, largely in stock, for Pinterest. According to the source, the online payments company aims to reach an agreement and reveal it by the time it publishes quarterly profits on Nov. 8.

The deal discussions come as online buyers increasingly buy products they see on social media, frequently by following “influencers” on platforms like Instagram and TikTok.

PayPal was one of the biggest beneficiaries from the COVID-19 outbreak, as more individuals used its services to shop online and pay bills instead of going out. Its stock has grown over 36% in the last year, giving it a market worth of nearly $320 billion.

When Pinterest went public in 2019, it was valued at over $13 billion. As a result of the lockout limitations, there was a significant increase in users looking for crafts and DIY project ideas.

PayPal’s ambition in expanding into e-commerce is evidenced by its acquisition of Pinterest. PayPal agreed to pay $4 billion for Honey, a coupon payment platform that displays customers discounts while they spend online, in 2019.

Until recently, PayPal primarily acquired businesses that were directly involved in digital payments systems, which allow users to pay for goods and services online without using a credit card.

PayPal would be able to harness more of that e-commerce growth and diversify its revenue streams by acquiring Pinterest.

 

Read more on Tech Gist Africa:

 

Netflix acquires its own video game studio and launches mobile games

Amazon is in negotiations to acquire MGM Studios for $9 billion

Microsoft will pay $19.7 billion for AI firm Nuance, making it the company’s second-largest acquisition after the $26 billion purchase of LinkedIn

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Chowdeck Nigeria
Acquisition

Chowdeck Acquires Mira, Bolstering Full‑Stack Tech Offering for Africa’s Food Businesses

by Tech Gist Africa
07/08/2025
0

Nigerian on-demand delivery startup Chowdeck has acquired Nairobi‑born POS platform Mira, marking a bold expansion beyond logistics into full-stack technology...

Read more
Apple WWDC 2025

Apple Unveils iOS 26, macOS Tahoe, and AI Innovations at WWDC 2025

06/15/2025
Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

06/15/2025
Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

06/15/2025
MaxAB-Wasoko Fatura Egypt

African E‑Commerce Super‑App MaxAB‑Wasoko Acquires Egypt’s Fatura

06/15/2025
Next Post
facebook

Facebook wants to change its name as part of a rebranding effort

Techstars

8 African startups have been selected to participate at Techstars Toronto October 2021 cohort

Donald Trump

Donald Trump, the former president of the United States is set to launch TRUTH Social, a new social media platform

No Result
View All Result

The Big 5

Africa Tech

Tech Diplomacy: How Africa is Leveraging Technology for International Relations and Development

by Tech Gist Africa
07/21/2025
0

...

Media and Entertainment

How African Technology is Changing the Face of Media, Entertainment, and Digital Content

by Tech Gist Africa
07/14/2025
0

...

Ecobank

Ecobank, Google Partner to Boost Financial Inclusion and Innovation Across Africa

by Tech Gist Africa
07/08/2025
0

...

AWIEF

AWIEF 2025 Awards Nominations Now Open to Celebrate Africa’s Top Women Entrepreneurs

by Tech Gist Africa
07/08/2025
0

...

Google for Startups Accelerator Africa

15 African AI startups Selected for Google for Startups Accelerator Africa

by Tech Gist Africa
07/08/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.