PayPal agrees to buy iZettle for United States dollars 2.2 bn

PayPal Confirms Its Decision to Buy iZettle Paying $2.2 Billion

PayPal Confirms Its Decision to Buy iZettle Paying $2.2 Billion

The takeover comes less than three weeks after iZettle said it would list shares in Stockholm. "iZettle and PayPal are a strategic fit, with a shared mission, values and culture-and complementary product offerings and geographies".

PayPal president Dan Schulman said: "This combination brings together iZettle's in-store expertise, recognised brand and digital marketing strength with PayPal's global scale, mobile and online payments leadership, and trusted brand reputation".

The iZettle platform for handling retail transactions is used by almost a half million merchants, according to PayPal.

The move boosts PayPal's in-store presence at a time when competition in the online payments sector is increasing. It has since expanded into financing services, with a presence in Brazil, Mexico and Europe.

PayPal was up 1.7% to 79.20 on the stock market today.

Maurizio Sarri in talks over new Napoli deal
His statements make it clear that the Blues hierarchy are likely to be the ones to have to initiate any contract termination. The lack of results at Chelsea have sparked a tide of change as manager Antonio Conte will not be returning next season.

Canada government ready to indemnify Kinder Morgan project, Morneau says
The company was maintained on Thursday, January 18 by RBC Capital Markets. (NYSE:KMI) has "Buy" rating given by Argus Research. Public Employees Retirement System Of Ohio invested in 1.34M shares. 233,562 are owned by Commerzbank Aktiengesellschaft Fi.

Teairra Mari to Sue 50 Cent for Posting Revenge Porn
She explained that he captioned the photo, "get the strap", which Bloom said "encourages violence against Mari". Teairra Mari is taking 50 Cent to court for reposting a sexually-explicit image of her on Instagram .

iZettle CEO Jacob de Greer and the company's management team will continue to lead the business, which expects to process US$6 billion in payments in 2018, the report said.

It owns the peer-to-peer payments company Venmo, which is popular in the U.S., and past year acquired Swift Financial, which makes business loans.

By joining forces with PayPal, which operates in 200 countries, iZettle will be able to accelerate its global expansion, including in the United States. The deal will be an all-cash deal and is expected to be closed by third quarter of the current financial year. The completion of this transaction is subject to customary closing conditions, including regulatory approvals.

Evercore is acting as sole financial adviser to PayPal, and Skadden, Arps, Slate, Meagher & Flom LLP and Roschier are acting as its legal advisers with regard to the transaction.

Recommended News

  • Missing 2-year-old may be in Iowa or Minnesota

    Missing 2-year-old may be in Iowa or Minnesota

    They are thought to be driving a 1996 tan Ford Aerostar, which they may be sleeping in, according to the NCMEC statement. The parents are believed to be heavy methamphetamine users and law enforcement is concerned for the child's well being.
    HTC U12+ Specs Leak Reveals All About Upcoming Phone

    HTC U12+ Specs Leak Reveals All About Upcoming Phone

    The OS will be Android Oreo and the device will be IP68 certified for dust and water resistance, it will have a 3,500mAh battery . For those who don't like notches on their smartphone displays , they will be happy to know that the HTC U12 + doesn't have one.
    Starbucks Apologizes For Racial Slur On Customer's Order

    Starbucks Apologizes For Racial Slur On Customer's Order

    Meanwhile, a statement from the corporate office said that the company took the matter seriously and looked to make it right. And last week, Schulz said Starbucks would open its bathrooms to everyone, whether they buy something or not.
  • CDC warns about parasite in hotel pools

    CDC warns about parasite in hotel pools

    The CDC recommends that swimmers and kids with diarrhea should stay out of public pools, such as hotels, for at least two weeks. The CDC report found 493 outbreaks were linked to recreational water between 2010 and 2014 in 46 states and Puerto Rico.
    Stock to Watch: Enbridge Energy LP (EEP)

    Stock to Watch: Enbridge Energy LP (EEP)

    Advancing issues outnumbered declining ones on the NYSE by a 2.30-to-1 ratio; on the Nasdaq, a 2.62-to-1 ratio favored advancers. However the low revenue estimates for the company are $555.82 Million versus high revenue estimates of $607.58 Million.
    Diane Keaton refuses to read '50 Shades of Grey'

    Diane Keaton refuses to read '50 Shades of Grey'

    Ellen, who has been married to actress Portia De Rossi since 2008, earned a huge laugh by saying: 'Well, it's not my cup of tea, you know'.
  • Breakthrough for Grand Ethiopian Renaissance Dam Talks

    Breakthrough for Grand Ethiopian Renaissance Dam Talks

    Indeed, the Nile is a vital lifeline for Egypt, providing the country with both irrigation and drinking water. They also confirmed that leaders from the three nations will meet every six months for consultations.
    First Look at Alex and Jo's Wedding on Grey's Anatomy

    First Look at Alex and Jo's Wedding on Grey's Anatomy

    Once you are on the website, sign in with your cable provider information. Owen finds her unconscious, near frozen in a lake. EDT), on The ABC Television Network.
    #WorldCupWith360nobs: Martial, Lacazette Left Out Of France Squad

    #WorldCupWith360nobs: Martial, Lacazette Left Out Of France Squad

    Payet suffered hamstring injury and had to be replaced in the first half of Wednesday's Europa League final, where Marseille lost to Atletico Madrid 3-0.
  • Next Star Wars spinoff blockbuster will be about Obi-Wan Kenobi

    Next Star Wars spinoff blockbuster will be about Obi-Wan Kenobi

    We already know " Solo " is created to start a new franchise and that Alden Ehrenreich signed a three-picture deal with Lucasfilm. TMZ is reporting that Lucasfilm is now planning out a film centered on Obi-Wan Kenobi , and already has a plot outline in place.
    Share Feed Posts to Stories

    Share Feed Posts to Stories

    When posted, the Story will display the original poster's username, which others can tap on to head back to the original post. The new feature is beginning to roll out to Android users today, while iOS users can expect it in the coming days.
    Tick season arrives in Manitoba, officials warn

    Tick season arrives in Manitoba, officials warn

    As for Beresford, he said while this is the new reality, we shouldn't allow ticks to deter us from enjoying the outdoors. You may be at risk for Lyme disease this summer, so doctors are using the month of May to spread awareness.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.