Technology Stocks : PayPal Inc. - PYPL
PYPL 88.22-0.4%5:20 PM EDTNews

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: JakeStraw8/19/2015 9:03:46 AM
   of 115
PayPal Continues Acquisition Spree, Buys E-commerce Startup

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.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

Copyright © 1995-2018 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.