eBay acquires PayPal for $1.5 billion

>> Thursday, September 17, 2009

Like many of its customers, auction giant eBay has decided to use PayPal as its electronic payment system.

eBay sais it is acquiring online payments company PayPal in a deal valued at $1.5 billion.

eBay will also phase out its own competing service, eBay Payments by Billpoint.

Posted by SAM at 4:07 AM
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1 comments:

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