$PayPal (PYPL.US)$ $Pinterest (PINS.US)$ PayPal Holdings Inc. is exploring an acquisition of social media company Pinterest Inc., people with knowledge of the matter said, Bloomberg News reports.
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.
Some interesting questions:
1.What is the potential synergy between these two companies?
2.What is your price target for Pinterest? (Disclosure I'm a bagholder at $75).
3.This seems clearly like a planned leak. What is this leak trying to achieve?
4.Are there better companies for acquisition of Pinterest?
5.What is your long term view of Pinterest?
Bailee : PayPal getting a discount compared to what Microsoft offered back in February (approx $85 a share).
Crazy how even some of the biggest players sometimes buy high lol (well almost).
Now PINS is selling itself low after passing on MSFTs offer (lower at least) but I think it's still overpriced.
kalil : I've long viewed PINS as one of the social media cohort, most similar to say SNAP. Pinterest has definitely lost its way in recent years.
I was about to take a big position in either PINS or SNAP this week, the PINS thesis being based on hope for a turnaround.
Orlagh : I think there’s still potential for Pinterest, so I don’t know if they should sell at $70. PayPal could take the company to another level in terms of profitability and establish themselves in the social commerce business. I own both companies and I’m long on both, so I feel it’s going to be a win-win either way.
Dabria : I’m at $63 on PINS but used the last jump to make about 25% profit on it and bought back in because I know it’s going up again so just been holding.
david99tao : Good
102515342AAA Dabria :
Jayallthway : please anyone follow this for me so I can keep posting the contest game!!!
U U B B :
xiaobooboo : Nice
102678535 : yes please
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