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PayPal to acquire international digital money transfer firm Xoom

Friday, July 3, 2015 | More »

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Online payments company PayPal Inc has acquired Nasdaq-listed Xoom Corp, a digital money transfer provider with operations in India, for an overall consideration of $890 million. The transaction, which values each Xoom share at $25, represents a premium of 32 per cent over Xoom’s three-month v...