Microsoft Corp has taken a chance on Pinterest Inc. over the past few months. for sale, the Financial Times reported Wednesday night.
The FT reports that the acquisition talks are currently inactive, adding that Pinterest has indicated in the past its preference to remain an independent company. The FT reports that Microsoft’s acquisition strategy is aimed at active online communities that can connect with its cloud platform.
Pinterest PINS,
has a current market value of approximately $ 50 billion, strengthened by a 36% increase in its shares over the past three months. The online dashboard platform rose during the pandemic as users had more time. Over the past 12 months, Pinterest shares have risen 239%.
Last week, Pinterest reported that it added 100 million new users in 2020, achieving 76% year-over-year revenue growth.
An agreement would probably have been the largest acquisition of Microsoft ever, about twice as large as the $ 26 billion purchase of LinkedIn in 2016, but probably also investigated by monopolistic regulators.
Microsoft shares MSFT,
has increased by 9% to date, and by 31% in the past year, compared to an annual profit of 6% by the Dow Jones Industrial Average DJIA,
of which it is a component.