PayPal prepared to spend $45 billion to acquire Pinterest

PayPal may soon make a foray into social media and image sharing, as the San Jose-based company makes a move to purchase the internet’s most popular digital pinboard company.Image Credit: Sagar SalvaThe company plan is to finance the acquisition by paying roughly $70 per share, a 26% premium on Pinterest’s closing price on Tuesday. The deal would cost PayPal $45 billion. Read more…
Go to Source