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New York2 hours ago
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- The image-sharing firm indicated that it wanted to remain an independent company
Microsoft had recently tried to buy image-sharing and social media services company Pintrest, but it did not materialize. If the deal had happened, it would have been the largest acquisition ever made by Microsoft, as the offer was worth $ 5,100 million (about Rs 3.70 lakh crore).
Actually Microsoft wants to buy Pintrest to build a portfolio of online communication on its cloud computing platform. Microsoft had earlier tried to buy TickTalk as well, but the deal could not be reached.
Pintrest wants to be an independent company
However, a media report has clarified that the negotiations between the two companies have been closed. Pintrest has indicated that it wants to remain an independent company. However, it is not clear whether Microsoft CEO Satya Nadella will continue her effort to make the deal.
Pintrest’s US revenue rises by 67%
Pintrest presented the financial report for the last quarter of 2020 last week. According to it, the company has generated revenue of $ 706 million (Rs 5.4 thousand crore). The company’s revenue in the US increased 67% year-on-year to $ 582 million (about 4.2 thousand crore rupees). At the same time, international revenue grew 145% to $ 123 million (about Rs 895 crore). The number of users of pintrest has increased by 46% to more than 361 million (36 crore). The market value of Pintrest has increased by 600% during the Kovid.
Microsoft bought many companies before
Microsoft had earlier purchased Linkedin for $ 26 billion (about Rs 1.8 lakh crore) and GitHub for $ 7.5 billion (about Rs 54 thousand crore). Microsoft gave $ 7.5 billion (about 54 thousand crore rupees) to private gaming company ZeniMax last year. He tried to buy Ticketock, but the deal could not be reached.