PayPal may acquire Pinterest | Engadget

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According to reports, PayPal is in the post-term negotiations to acquire Pinterest.according to ReutersOn Wednesday, the payment company bought the social network for $45 billion.The news of potential sales is first Bloomberg Earlier in the day. The outlet estimated the value of the transaction to be approximately US$39 billion, and pointed out that PayPal plans to fund it mainly through stocks.

At first glance, PayPal’s interest in Pinterest seems to be a headache, but the acquisition can help the company gain a foothold in the growing social commerce field.This is an area where Pinterest has been active since then 2015. To a certain extent, Pinterest is also a safe way to buy.It managed to avoid many The problem with the error message Bother Facebook and Twitter.

It is also worth pointing out that PayPal has been expanding its business beyond the traditional cab for most of the past year and a half.Such as recently $2.7 billion spent Consolidate its presence in the field of buy-and-pay, and has entered Cryptocurrency trading Largely.

We have contacted Pinterest and PayPal for comments.

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