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Technology Stocks : PayPal Inc. - PYPL
PYPL 75.65+1.9%5:20 PM ESTNews

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From: JakeStraw8/19/2015 9:03:46 AM
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PayPal Continues Acquisition Spree, Buys E-commerce Startup
forbes.com

In the months leading up to its split with eBay, PayPal made two significant acquisitions. The first was the $280 million it laid out for payments technology startup Paydiant, while the second came last month in the form of an $890 million all-cash deal for international money transfer company Xoom.

Following its spin off from eBay, the San Jose, Calif.-based company is continuing its buying spree, announcing on Wednesday that it was purchasing Modest, a Chicago startup that builds mobile e-commerce applications for small businesses. PayPal did not disclose the terms of the agreement, which will see all 20 Modest employees join its Braintree subsidiary in Chicago.
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