The payments company reportedly…

The payments company reportedly approached the social media platform about a potential deal….

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PayPal might be discussing buying Pinterest.

Angela Lang/CNET

PayPal could be looking to buy social media platform Pinterest, according to multiple reports on Wednesday.

The payments company reportedly “recently approached” Pinterest about a potential deal. The two companies have talked about a potential price of $70 per share, according to Reuters, citing a person directly familiar with the matter. That could put Pinterest’s valuation around the $39 billion dollar mark, according to Bloomberg.

Pinterest and PayPal didn’t immediately respond to requests for comment. 

PayPal, which also owns Venmo and coupon code tool Honey, has been expanding to add new features such as cryptocurrency payment options and a microloan service called Pay In 4

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