EBay to buy mobile payment company Braintree
PayPal parent eBay said it is buying online and mobile payments technology provider Braintree for $800 million in cash.
Braintree's clients include popular startups such as vacation rentals site Airbnb, cab-hailing app Uber and restaurant reservations site OpenTable.
PayPal is working to evolve from its roots as an online payments provider by expanding its offline, mobile and online offerings to stores, restaurants and other business.
San Jose, Calif.-based eBay Inc. said it will operate Braintree as a separate business. Bill Ready, the CEO of the Chicago-based company, will report to PayPal President David Marcus.
Braintree's roughly 200 employees are staying with the Chicago-based company.
EBay said it expects to close the deal before the end of the year.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Car dealerships turn advertising, sales focus to women
- Hackers cash in on online payday loans
- How to stand out, succeed in short-tenure jobs
- Businesses pursue A-list clients
- Dollar’s strength bruises companies
- India’s poor, traders fear push to ban beef
- Kim Komando: Dig up dirt on daughter’s boyfriend online
- Tips for parents helping child buy a home
- Transition to planes without pilots imagined
- U.S. oil, natural gas rig count drops by 34 to 954
- Is Big Brother a backseat driver?