Microsoft said to have approached Pinterest recently over potential deal
Microsoft Corp.
$400.96
13:05 22/04/24
Microsoft reportedly approached Pinterest in recent months about a potential $51bn acquisition of the image-sharing and social media company.
Dow Jones I.A.
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04:30 15/10/20
Nasdaq 100
17,210.88
12:15 22/04/24
PINTEREST INC
$32.73
11:10 22/04/24
According to the Financial Times, talks between the two are not currently active.
Last year, Microsoft tried to buy the US operations of TikTok - owned by China's ByteDance - after then US president Donald Trump said it would need to sell its US business or face a ban over concerns about national security. But, TikTok rejected Microsoft’s bid in favour of a deal with rival Oracle.
In recent years, Microsoft has bought LinkedIn, Minecraft and GitHub. However, Pinterest has signalled in the past that it wants to remain an independent company.