Food

PayPal's $2.2 Billion Payments Acquisition Is Its Latest Swipe at Square

One year ago   |   By

PayPal Holdings is buying Swedish small-business platform iZettle for $2.2 billion to expand in Europe and Latin America and increase its presence in brick and mortar stores.
"Small businesses increasingly want a full suite of capabilities across channels, a one-stop stop," Dan Schulman, chief executive officer of PayPal pypl
, said in an interview. "IZettle was the perfect fit in many ways."
The deal is the biggest ever for San Jose, Calif.-based PayPal and will help it compete with Square sq
, which made a name for itself by helping small businesses and food-truck vendors conduct credit...
Read more ...

 

Why Sweden's iZettle sold to PayPal for $2.2 billion rather than IPO

Why Sweden's iZettle sold to PayPal for $2.2 billion rather than IPO

One year ago   |   By

The announcement just 10 days ago that Sweden's iZettle was planning to go public provoked cheers among European tech boosters, but that excitement proved to be short-lived. Instead of celebrating the rise of an independent tech company, we're watching yet another local startup be gobbled up by a U.S. tech giant. In this case, the deep...
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PayPal gains bigger in-store presence with $2.2B acquisition

One year ago   |   By

SAN FRANCISCO - PayPal is buying financial services startup iZettle for $2.2 billion to expand its digital payment service into thousands of brick-and-mortar stores in Europe and Latin America. The deal announced Thursday marks the largest acquisition in PayPal's 20-year history and intensifies its competition with Square, a payment processor started by Twitter co-founder and CEO Jack Dorsey. Both PayPal and Square are vying to help mostly small- and medium-sized retailers process sales that aren't paid with cash.
Read more ...

 

PayPal's $2.2 Billion Payments Acquisition Is Its Latest Swipe at Square

One year ago   |   By

PayPal Holdings is buying Swedish small-business platform iZettle for $2.2 billion to expand in Europe and Latin America and increase its presence in brick and mortar stores.
"Small businesses increasingly want a full suite of capabilities across channels, a one-stop stop," Dan Schulman, chief executive officer of PayPal pypl
, said in an interview. "IZettle was the perfect fit in many ways."
The deal is the biggest ever for San Jose, Calif.-based PayPal and will help it compete with Square sq
, which made a name for itself by helping small businesses and food-truck vendors conduct credit...
Read more ...

 

PayPal buys Swedish startup iZettle for $2.2 billion

One year ago   |   By

The acquisition will allow PayPal to extend its platform to stores around the world - and 11 new countries.
Read more ...

 

PayPal agrees to buy European fintech startup iZettle for about $2.2bn

One year ago   |   By

The deal, the largest in PayPal's history, sets up a showdown with Jack Dorsey's Square
Read more ...

 


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Morehouse College graduation speaker pledges to pay class of 2019 student debt

Morehouse College graduation speaker pledges to pay class of 2019 student debt

Robert F. Smith, a billionaire technology investor and philanthropist, says his family is providing grants to wipe out the student debt of the entire 2019 class. Read more ...

'Heroes' lead police to Texas girl who was abducted while walking with her...

'Heroes' lead police to Texas girl who was abducted while walking with her mother

The terrifying kidnapping incident was caught on a surveillance camera. Read more ...

Former college football standout reportedly tackles gunman at Oregon high school

Former college football standout reportedly tackles gunman at Oregon high school

Keanon Lowe, head football and track coach at Parkrose High School in northeast Portland, is being hailed as a hero after tackling a gunman in a classroom Friday. Read more ...

Billionaire Tells Morehouse College Grads He'll Pay Their Student Loans

Billionaire Tells Morehouse College Grads He'll Pay Their Student Loans

Billionaire technology investor Robert F. Smith told Morehouse College's Class of 2019 that he's giving them the ultimate graduate gift: A grant that will wipe out their... Read more ...

Fatal explosion destroys home in southern Indiana, over a dozen other homes...

Fatal explosion destroys home in southern Indiana, over a dozen other homes damaged

At least one person has died. Read more ...

Prince Harry and Meghan Markle share behind-the-scenes pictures of royal wedding

Prince Harry and Meghan Markle share behind-the-scenes pictures of royal wedding

Happy anniversary, Harry and Meghan! Read more ...

You can now find a 'Game of Thrones' counselor near you

You can now find a 'Game of Thrones' counselor near you

Yes, "Game of Thrones" therapy is indeed a thing. Read more ...

President Trump tweets that he favors exemptions to abortion bans

President Trump tweets that he favors exemptions to abortion bans

The president's position is different than one taken by Alabama Republicans, who passed a near-total ban on the procedure. Read more ...

Deutsche Bank execs reportedly rejected their employees' advice to report...

Deutsche Bank execs reportedly rejected their employees' advice to report transactions involving Trump and Kushner-owned entities to the Treasury Department

Employees of Deutsche Bank's internal anti-money laundering team recommended in 2016 and 2017 that multiple transactions involving President Donald Trump and his son-in-law... Read more ...

'Economic workshop' will launch Trump's Middle East peace plan

'Economic workshop' will launch Trump's Middle East peace plan

The White House announced on Sunday that it would host an “economic workshop” with Bahrain late next month, opening the door for the first stage of President Donald Trump's... Read more ...