Online auction provider eBay has announced that they have acquired Bill Me Later for $820 million in cash plus approximately $125 million worth of outstanding options. The deal is expected to close by year-end.
eBay notes that today's acquisition will be a good complement to PayPal. Bill Me Later is a perfect complement to our portfolio; PayPal and Bill Me Later belong together, said John Donahoe, eBay Inc.s president and chief executive officer. We now have a powerful combination of....
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