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The Week in Business: A Consumer Internet Deal

Mount Equity Group Tokyo, Japan > News > Business > The Week in Business: A Consumer Internet Deal

The digital payment processor PayPal has offered to buy Pinterest, a social curation site, in a deal that values the site at $45 billion, according to people familiar with the discussions. If completed, it would be the largest consumer internet deal in a decade and would give PayPal a further foothold in e-commerce. Though Pinterest makes most of its money through ads, it allows customers to make purchases directly from its app through a feature called “buyable pins.” PayPal agreed in 2019 to acquire another company related to e-commerce, the coupon payment platform Honey, for $4 billion. Of course, e-commerce isn’t new terrain for PayPal. It was spun off from eBay in 2015 after being acquired by the online retailer 13 years earlier. Shares of PayPal dropped after reports of the potential acquisition.

The Federal Reserve unveiled a sweeping set of changes to its ethics…

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