01 February 2021
Microsoft is one of the biggest tech companies on the planet with its presence in a wide range of technology industries. One of these is the social media sector where it owns platforms like LinkedIn and Yammer. It seems like that is not enough as Microsoft reportedly tried acquiring Pinterest in the past few months.
The report does not go into details of the matter and simply mentions that Microsoft approached Pinterest with the proposal of acquisition. The talks went on for some time but eventually, the deal fell through. It is currently unknown what caused the two companies to go their different ways but since the report is already out in the public, we can expect other details to become available sooner or later.
Pinterest is a well-known social media platform that encourages creative ideas among users. It lets users create and share boards where they can make a collection of different ideas. The app registered significant growth during the pandemic time as more and more users were restricted to their homes. It currently boasts 459 monthly active users and has a market valuation of $50 billion.
The way the situation stands now, a deal between Pinterest and Microsoft is off the table for now. There is always a possibility that the two parties may reach an agreement later but nothing can be said with surety yet.