PayPal's biggest ever takeover [CNN]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: CNN
PayPal buys Swedish startup iZettle for $2.2 billion PayPal just clinched its biggest-ever takeover. The digital payments firm is buying iZettle, a European startup that sells mobile credit card readers and other payment platforms, for $2.2 billion, it announced Thursday. PayPal ( PYPL ) stock jumped nearly 2% when reports of the deal first surfaced. The acquisition "significantly expands PayPal's in-store presence, strengthening PayPal's platform to help millions of small businesses around the world grow," CEO Dan Schulman said in a statement. Based in Sweden, iZettle has built a presence in Europe and South America that will allow PayPal to bring its platform to nearly 500,000 stores in 11 new countries including France, Germany, Brazil and Mexico. It will also help PayPal expand offline in the United States, United Kingdom and Australia and step up its battle with Square ( SQBK ) , the mobile payments firm founded by Twitter co-founder Jack Dorsey. Silicon Valley giants
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PYPL
Earnings
- 2/7/24 - Beat
PYPL
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/16/24 - Form 4
- 4/16/24 - Form 4
- PYPL's page on the SEC website