More on PayPal/Braintree


Braintree will continue operating as a separate service with eBay's (EBAY +3.1%) PayPal unit, under the leadership of current CEO Bill Ready. Meanwhile, Braintree's Venmo social sharing-focused mobile payments app will be integrated with PayPal's mobile payments offerings.

PayPal says it's set to exceed a prior target of $20B in 2013 mobile transactions.

eBay expects the acquisition to be immaterial to its 2013 revenue guidance, and to dilute 2013 EPS by a penny.

The deal gives PayPal some fast-growing clients such as Airbnb and Uber, strengthens PayPal's product lineup for non-eBay merchants (some of whom have complained about the payments giant's on-site integration and payment policies), and acts as an insurance policy of sorts as competition in this space grows.

Investors are happy with the deal.

Earlier: PayPal buys Braintree for $800M

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs