The terms of the deal — which is expected to close in the second quarter of 2022 — weren't disclosed. Once its done, Borstein will report to Ben Silbermann, the co-founder and CEO of Pinterest, and "lead shopping vision and strategy across Pinterest, creating a new and strategic organization dedicated to Pinterest's taste-driven shopping efforts that will help steer the evolution of features for Pinners and merchants on Pinterest," according to a press release.
"I've spent my career at the intersection of shopping, fashion and technology and have seen first-hand the valuable impact of building technology that enables brands to join a platform with ease while enabling customers to share their preferences," Borstein said, in a statement. "Joining forces with Pinterest to broaden our reach utilizing such an inspirational platform is an exciting and ideal next step for our team and technology.
Pinterest's Silbermann added: "The Yes team are experts in building an end-to-end shopping experience. They share our vision of making it simple to find the right products that are personalized for you based on your taste and style. We're very excited about The Yes' talented team and technology as we build dedicated shopping experiences on Pinterest."