That means that Pinterest would be selling itself on weakness, rather than strength. In fact, it's 22% below the peak it hit in August. While that buyout price may sound good compared to the social media stock's recent trading levels, it's considerably lower than where the stock was trading earlier this year. In fact, it's odd that such a promising growth stock would entertain an acquisition offer, especially one as low as $70 a share. Even better, the product-driven nature of Pinterest means that users often want to see ads. The platform is also just beginning to monetize itself as it attracts large advertisers and builds out its ad business in international markets. Pinterest is a unique property in social media, a high-growth industry with only a handful of major players. It's easy to see why the image-based discovery engine is getting so much attention from big tech. Microsoft reportedly considered acquiring Pinterest for $51 billion earlier this year, and that's more than the $45 billion PayPal would shell out. This isn't the first time Pinterest has been pursued by a tech giant. PayPal's purported offer price, according to the story first reported in Bloomberg, represented a 26% premium to where it closed on Tuesday. Naturally, the stock reacted positively to the news, as Pinterest shares had closed Tuesday's trading below $56 a share. Pinterest ( PINS -1.54%) shares popped Wednesday on news that the company is in talks with fintech giant PayPal ( PYPL -1.18%) to be acquired for $70 a share.
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