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Author Topic: eBay buys PayPal  (Read 2406 times)

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Offline GadgetMasterTopic starter

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eBay buys PayPal
« on: July 09, 2002, 05:37:41 AM »
eBay is to buy Paypal, for $1.5bn in stock.

That's sorted then, or it will be when the deal closes at the end of the year. PayPal conducted its IPO in February - four months ago. Surely the point of that exercise was not to sell up so soon? All that expense could have been avoided by going for the trade sale in the first place.

More Here

Source: TheRegister

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Offline GadgetMasterTopic starter

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Re: eBay buys PayPal
« Reply #1 on: July 09, 2002, 05:55:09 AM »
I thought this would be of general interest as many of you probably have paypal accounts.
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