For PayPal, there would be 'clear synergies' in combining its own 'bottom of the funnel' digital wallet and Honey deals platform with Pinterest's 'top of funnel' search, discovery and inspiration platform, Sebastian contended.

SUPER APP AMBITIONS: Following media reports suggesting that PayPal is considering an acquisition of Pinterest for about $70 per share, Baird analyst Colin Sebastian said that 'at first glance' he believes such a potential combination could make strategic sense. Terms of a transaction could still change, and there's no certainty the talks will lead to an agreement, Bloomberg's report stated. News of the potential deal comes less than a week after Pinterest co-founder Evan Sharp announced plans to leave the company to join LoveFrom, a company led by Jony Ive, the designer of many iconic Apple (AAPL) products, the author noted.Д®d Hammond and Liana Baker of Bloomberg, who were first to report that PayPal recently approached Pinterest about a potential takeover and the companies discussed a potential price of around $70 per share, noted that such a deal would represent about a 26% premium to Pinterest's Tuesday closing price of $55.58. PINTEREST ACQUISITION: PayPal has made an offer to buy digital pinboard site Pinterest for $45B, or $70 per share, with the former planning to finance the acquisition mostly through stock, Reuters' Greg Roumeliotis reported, citing people familiar with the matter. While Baird analyst Colin Sebastian believes such a combination could make strategic sense as it might help accelerate PayPal's super app ambitions, his peer at Truist believes such a deal would make 'zero sense' and would accentuate his existing concerns about the durability of PayPal's organic revenue growth. PayPal is reportedly hoping to successfully negotiate and announce a deal by its quarterly report on November 8.

Sharp, Ben Silbermann, the companyвЂ™s chief executive officer, and Paul Sciarra, who departed in 2012, established the online scrapbooking and photo-sharing platform.Shares of PayPal (PYPL) are slipping in Wednesday afternoon trading following media reports saying the company has made an offer to buy Pinterest (PINS) for $45B, mostly in stock, although the final offer price and terms may still change. The prospective transaction comes less than a week after Pinterest co-founder Evan Sharp announced his departure to join LoveFrom, a startup run by Jony Ive, the creator of several famous Apple devices. PayPalвЂ™s stock was down approximately 3.5 percent, while PinterestвЂ™s stock was up more than 10% to $61.55. Because the conversations are private, the source requested anonymity. PayPal and Pinterest did not reply to demands for comment from Reuters right away. The offer represents a 26 percent premium over PinterestвЂ™s Tuesday closing price of $55.58. According to a source familiar with the situation, PayPal Holdings Inc is in discussions to purchase digital pinboard site Pinterest Inc.ДЄccording to Bloomberg News, the businesses have discussed a potential price of $70 per share, which would value Pinterest at approximately $39 billion.

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