PayPal is reported to be in talks to buy the digital pinboard company Pinterest. The company’s purchase of pinterest would solidify their footprint in eCommerce, as Pinterest enables in-app eCommerce purchases. The deal is rumored to be valued at $45B – a 25% premium on Pinterest’s Wednesday (Oct. 20) opening. If completed, the deal would be the largest in the consumer internet industry in the last 10 years.
PayPal is said to be in talks to buy Pinterest in $45 Billion deal