eBay Buys Braintree For $800M
San Jose-based eBay said last week that it has acquired mobile payment company Braintree, in a deal worth $800M. Braintree develops a payment platform for mobile and online startups, including such customers as Airbnb, OpenTable, TaskRabbit and Uber. eBay said that Braintree will continue to operate as a separate service under PayPal. eBay said that Braintree is projected to have $12 billion in payment volumes for 2013.
posted on Monday, September 30, 2013
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