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eBay’s PayPal acquires payment gateway firm Braintree for $800M in all-cash deal

Thursday, September 26, 2013 | More »

PayPal Inc, the online payment company owned by eBay Inc, has acquired Chicago-based payment gateway firm Braintree Payment Solutions LLC for $800 million in an all-cash deal. The transaction is expected to close late in the fourth quarter of 2013, eBay said in a press statement. Post-acquisition, B...