eBay Agrees To Purchase Braintree For $800MVW Staff
Ebay Inc (NASDAQ:EBAY) has agreed to purchase Paypal rival Braintree this morning for $800 million. Braintree offers an online payments processor similar to Paypal, but it is more functional on smartphones and tablets. Paypal has fallen behind some rivals in this area in recent years, and the Braintree acquisition should help to shore up the company's offerings.
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