PayPal is reportedly in late- stage addresses to acquire Pinterest. According to Reuters, the payments company made a$ 45 billion offer on Wednesday to buy the social network. News of the implicit trade was first reported by Bloomberg before in the day. The outlet put the value of the deal at roughly$ 39 billion, noting PayPal planned to finance it substantially through stock.
At first regard, PayPal’s interest in Pinterest may feel like a head- scrape, but an accession could help the company gain a base in the growing social commerce space. That’s an area where Pinterest has been an active player since 2015. In a way, Pinterest is also a safe purchase. It has managed to avoid numerous of the problems with misinformation that have agonized Facebook and Twitter It’s also worth pointing out PayPal has spent important of the once time and a half expanding outside of its traditional wheelhouse. For case, it lately spent$2.7 billion to solidify its presence in the steal- now- pay- latterly space and has gotten into cryptocurrency trading in a big way.
