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eBay Acquires Bill Me Later for $945 Million
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10-07-2008, 09:57 AM,
(This post was last modified: 10-07-2008, 10:20 AM by mandy.)
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eBay Acquires Bill Me Later for $945 Million
press release Wrote:eBay Inc. (NASDAQ: EBAY) today announced that it has reached a definitive agreement to acquire Bill Me Later®, the number two online-oriented payments brand, for approximately $820 million in cash and approximately $125 million worth of outstanding options, net of option exercise proceeds. The acquisition extends the companyâs leadership in payments by combining Bill Me Later with eBayâs PayPal, the number one online-oriented payments brand. Subject to various closing conditions, the deal is expected to be completed by year-end... full press release: http://corporate.billmelater.com/billmel...?pageID=12&moduleID=289 ebay strategies Wrote:BML stats full article: http://ebaystrategies.blogs.com/ebay_str...-gulp.html gigaom Wrote:Today eBay said it would spend $945 million to buy online payment company Bill Me Later, but the folks over at Amazon.com arenât likely to welcome eBay as Bill Me Laterâs new corporate overlords. Amazon holds an equity stake in the payment processing company and is its top customer â with competitor eBay moving to buy it, Amazon has some thinking to do. full article: http://gigaom.com/2008/10/06/will-amazon...akes-over/ |
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