Online retail giant eBay announced the acquisition of online payments company Braintree in an $800 million deal that bolsters eBay’s portfolio with clients including Uber and OpenTable.
Reports say the buyout, subject to regulatory approval, lands eBay with the company that processes about $4 billion in online payments every year.
Braintree is expected to continue operating as an independent company within PayPal. Its CEO Bill Ready, however, was not confirmed as a permanent addition to the team.
Full Content: eCommerce Bytes
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