SWEDEN > USA based PayPal is set to acquire Sweden based iZettle for $2.2 billion

Paypal logo USA based PayPal Holdings Inc. is set to acquire Sweden based iZettle AB for $2.2 billion. iZettle was supposed to set its prices for an initial public offering the next day. iZettle competes with company such as Square Inc. and Canada’s Shopify Inc. and on May 8 it announced that it was seeking to raise 2 billion kronor($226.6 million) in More …

CANADA > PayPal to acquire TIO Networks for $233Mn

PayPal.svg USA based PayPal to acquire Canada based bill payment management company TIO Networks for $233 million. The all-cash deal is expected to close in late 2017. TIO last year alone served some 14 Million customers through its 65,000 retail locations and online. PayPal is expected to pay $2.56 per share for the acquisition.   About TIO NetworksTIO Networks is an More …