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TC Roundup: PayPal sets up Israeli security center, buys CyActive

PayPal sets up Israeli security center, buys CyActive: Online payments company PayPal, a unit of eBay (EBAY.O), is establishing a cyber security center in Israel and has bought local start-up CyActive to help launch the development.

PayPal, which is slated to split from eBay later this year, did not disclose financial details but Israeli media have said the acquisition was worth $60 million. (Reuters)

One small step for unbundling, one big leap for HBO: This week HBO finally announced the arrival of HBO Now, a streaming over-the-top access pass to HBO content for $14.99 a month.

It will debut exclusively on the Apple TV for a three-month period (the first of which will be free to new users) and then expand to other platforms. (Tech Crunch)

Google finance chief Pichette to quit: Patrick Pichette, the chief financial officer responsible for handling Google's increasingly frayed relationship with Wall Street, is to quit when a replacement is found, the company said on Tuesday.

In his six and a half years in the job, the French-Canadian has presided during a massive build-up in Google's operations, capped by a surge in capital investment and spending on long-term projects that have left many investors wary. (Financial Times)

Google's first fully branded physical store showcases hardware and apps, open in London now: Google has long been rumored to be entering the physical retail space, emulating a number of other online companies' efforts to bridge the physical and digital divide, and now it's finally happening with the launch of the first Google-branded store in London.

However, the store isn't a standalone affair that will sit alongside Harrods or Selfridges — no, the Internet giant is opening a store inside a store belonging to U.K. electronics retail giant Currys PC World, in the Tottenham Court Road area of the city centre, according to an ITV News report. (Venture Beat)

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