PayPal is said to be in talks to acquire Pinterest

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PayPal could discuss the purchase of Pinterest.

Angela Lang / CNET

PayPal may be looking to buy the social media platform Pinterest, according to several reports on Wednesday.

The payments company reportedly “recently approached” Pinterest about a potential deal. The two companies cited a potential price of $ 70 per share, according to Reuters, citing a person directly familiar with the matter. That could put Pinterest’s valuation around the $ 39 billion mark, according to Bloomberg.

Pinterest and PayPal did not immediately respond to requests for comment.

PayPal, which has been around for over two decades, owns several other companies, including the Venmo mobile payment app and the Honey online coupon code tool. The company also agreed last month to acquire Payy, a Japanese company that offers buy-now and on-payment services.

Pinterest has kicked off its own ecommerce push, launching Buyable Idea Pins in July and other shopping features this month, including a Verified Merchant Program. In July, Pinterest said it had 454 million monthly active users.

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