• Why Sweden's iZettle sold to PayPal for $2.2 billion rather than IPO

    3 monthes ago - By Venture Beat

    The announcement just 10 days ago that Sweden's iZettle was planning to go public provoked cheers among European tech boosters, but that excitement proved to be short-lived. Instead of watching the rise of an independent tech company, we're seeing yet another local startup gobbled up by a U.S. tech giant. In this case, the deep pockets...
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  • PayPal's $2.2 Billion Payments Acquisition Is Its Latest Swipe at Square

    PayPal's $2.2 Billion Payments Acquisition Is Its Latest Swipe at Square

    3 monthes ago - By Fortune

    PayPal Holdings is buying Swedish small-business platform iZettle for $2.2 billion to expand in Europe and Latin America and increase its presence in brick and mortar stores.
    "Small businesses increasingly want a full suite of capabilities across channels, a one-stop stop," Dan Schulman, chief executive officer of PayPal pypl
    , said in an interview. "IZettle was the perfect fit in many ways."
    The deal is the biggest ever for San Jose, Calif.-based PayPal and will help it compete with Square sq
    , which made a name for itself by helping small businesses and food-truck vendors conduct credit...
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  • PayPal agrees to buy European fintech startup iZettle for about $2.2bn

    3 monthes ago - By eFinancial News

    The deal, the largest in PayPal's history, sets up a showdown with Jack Dorsey's Square
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