Some analysts now think Pinterest could attract interest from other bidders down the road. Pinterest is grappling with the twin challenges of losing co-founder Evan Sharp and a slowdown in user growth that has hampered its future prospects. "Running a platform primarily focused on driving user engagement and advertising would require PayPal to use muscles it isn't accustomed to using," said Huang in a research note to clients. Tien-tsin Huang, a payments analyst at JP Morgan, said that a Pinterest deal would bring "significant integration risk" for PayPal, notably in terms of culture and execution. Both companies did not respond to further requests for comment. PayPal did not provide additional details on Monday in its one-line statement. Reuters and other news organizations reported on the deal talks on Friday, when sources said that PayPal had offered $70 per share, mostly in stock, for Pinterest. The latest development, which dashed the prospects of Pinterest getting access to PayPal's massive user base, sent the social media platform's share price down over 12 percent. PayPal Inc said it is not pursuing an acquisition of Pinterest Inc at this time, after several media outlets reported last week that it was in talks to buy the digital pinboard site for as much as $45 billion.
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