PayPal Completes Purchase of Swedish Startup iZettle for Over $2 Billion
Posted: Wed Sep 19, 2018 7:03 pm
Online-payments giant PayPal Holdings confirmed on Thursday it has completed its buyout of Swedish mobile payments start-up iZettle for $2.2 billion, the biggest acquisition in its history.
The deal boosts PayPal’s in-store presence in 11 markets across Europe and Latin America. It also makes strategic sense for the company as it helps deepen its footprint in Europe and gain more of a presence in offline commerce at a time when competition in the sector is increasing.
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As such, the merger would catapult the company into hundreds of thousands of brick-and-mortar storefronts globally.
PayPal is ... (read more)