This morning eBay, PayPal's parent company, announced that it was acquiring Braintree for $800 million in cash. Braintree built a platform that powered payments on the web and mobile devices. It had a lot of success getting business from popular mobile apps and was processing more than $10 billion a year for companies like Uber, Fab, and Airbnb. Discussing the deal, eBay president John Donahoe said that Braintree was a perfect fit for the work PayPal is already doing, but the two companies weren't always so cordial with one another.
via The Verge - All Posts http://www.theverge.com/2013/9/26/4772894/paypal-acquires-braintree
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