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[OM] (( OM) ( OT ) eBay acquires PayPal

Subject: [OM] (( OM) ( OT ) eBay acquires PayPal
From: "Brian Swale" <bj@xxxxxxxxxxxxxxx>
Date: Fri, 12 Jul 2002 09:57:45 +1200
Hi folks

Here's an extract from the on-line Economist.

> ONLINE MERGER
> 
> EBAY, the world's biggest online auction firm, is to buy PayPal, the
> world's biggest online payment system, for $1.5 billion in stock. The
> move reflects the inadequacy of eBay's current payment system, as the
> firm aims to triple its sales to $3 billion by the end of 2005.
> 
> - - - - - See article: eBay acquires PayPal
> http://www.economist.com/displayStory.cfm?story_ID=1227965
Brian

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