Food

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

4 days 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

4 days 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

4 days 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

4 days 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

4 days 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

4 days 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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Congress OKs letting terminal patients try unapproved drugs

Congress OKs letting terminal patients try unapproved drugs

The bill would help people with deadly diseases try experimental treatments. Read more ...

Private jet crashes in Honduran capital, all aboard survive

Private jet crashes in Honduran capital, all aboard survive

The FlightAware website said the flight had originated in Texas on Tuesday. Read more ...

'Lava bombs' damaging windows, property; Kilauea erupts again

'Lava bombs' damaging windows, property; Kilauea erupts again

Eruption happened Tuesday, Hawaii County's civil defense agency said. Read more ...

A scoundrel is born in Star Wars spinoff 'Solo'

A scoundrel is born in Star Wars spinoff 'Solo'

"Solo: A Star Wars Story" introduces Han Solo on his home planet, where he dreams of becoming a pilot and owning a ship. Read more ...

NFL unanimously approves Tepper's $2.2b purchase of Panthers

NFL unanimously approves Tepper's $2.2b purchase of Panthers

ATLANTA - The NFL has unanimously approved a $2.2 billion deal to sell the Carolina Panthers to the David Tepper. Read more ...

Lawyer in video rant over Spanish speakers apologizes

Lawyer in video rant over Spanish speakers apologizes

In the rant caught on video, the lawyer threatened to call Immigration and Customs Enforcement to have the workers "kicked out of my country." Read more ...

White House lawn under construction after sinkhole appears

White House lawn under construction after sinkhole appears

Eyewitnesses first saw the sinkhole on the grassy North Lawn on Saturday, following a week of nearly constant rain in Washington. Read more ...

Former USC doctor accused of inappropriately touching students

Former USC doctor accused of inappropriately touching students

Complaints about a gynecologist for students at the University of Southern California went back decades. Read more ...

WATCH LIVE: Active shooter situation reported in Panama City

WATCH LIVE: Active shooter situation reported in Panama City

Authorities in Panama City say they are responding to an active shooter situation. Read more ...

AP Interview: Phelps says mental health is new passion

AP Interview: Phelps says mental health is new passion

Michael Phelps was hanging at the pool on Tuesday. Read more ...