eBay buys PayPal [Archive]

GadgetMaster

07-08-2002, 10:37 PM

eBay is to buy Paypal, for $1.5bn in stock.

That's sorted then, or it will be when the deal closes at the end of the year. PayPal conducted its IPO in February - four months ago. Surely the point of that exercise was not to sell up so soon? All that expense could have been avoided by going for the trade sale in the first place.

More Here (http://www.theregister.co.uk/content/23/26080.html)

Source: TheRegister (http://www.theregister.co.uk)

GadgetMaster

07-08-2002, 10:55 PM

I thought this would be of general interest as many of you probably have paypal accounts.

Blitter

07-09-2002, 02:41 AM

Thankfully I don't, but thanks for the heads up. Now I know I won't ever get one in the near future. Sorry, I've had too many bad experiences with eBay, both buying and selling.

Blitter

ilgulamc

07-09-2002, 09:52 AM

i always had good experiences in ebay, both buying and selling! ebay rocks!