Pinterest shares soar on reports PayPal may buy it - NewsBreak

Pinterest's stock surged on Wednesday following a report that digital payments company PayPal is looking to potentially buy the bookmarking website. PayPal is exploring an acquisition that would value Pinterest at around $39 billion, Bloomberg first reported, citing people with knowledge of the matter. Reuters and the Wall Street Journal also reported PayPal's interest, citing sources. The companies did not immediately respond to a request for comment from CNN Business.