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The PayPal payment service has bought the Finnish fixtech start-up iZettle for $2.2 billion before the IPO, during which the Swedish company counted on capitalization at half the amount offered by PayPal, the finversia.ru project wrote with reference to the message of The Wall Street Journal. Thanks to the deal that has become the largest in PayPal history, the service will be able to compete successfully with Square Corporation, which offers payment services for small businesses in the US. Swedish iZettle is often called the European version of Square. It began with the supply of bank card readers for various clients. Today, the number of its customers is more than 400 thousand. This is mainly small and medium business.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...
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