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PayPal expands retail payments with $2.2 billion Zettle buy
May 17, 2018 2:20 PM EDTBy Anna Irrera and Olof Swahnberg
NEW YORK/STOCKHOLM (Reuters) - PayPal Holdings Inc (NASDAQ: PYPL) has agreed to buy Swedish financial technology startup iZettle for $2.2 billion in the U.S. online payments provider's biggest ever acquisition.
The deal will allow the Californian company to expand into the retail payment terminals business in international markets, where it will compete with Silicon Valley firm Square Inc (NYSE: SQ) founded by Twitter (NYSE: TWTR) CEO Jack Dorsey.
Stockholm-based iZettle, which had advanced plans to... More
