PayPal Acquires iZettle, A Rival Of Square, Shopify, PagSeguro
PayPal Acquires iZettle, A Rival Of Square, Shopify, PagSeguro
PayPal in talks to buy Swedish small-business platform iZettle for $2.2 billion
18 May, 2018, 10:43
PayPal has bought iZettle, a Swedish mobile payments company that sells a card-reader aimed at small businesses, for $2.2bn (£1.6bn). The news came just after iZettle announced last week that it would list an IPO on the Nasdaq in Stockholm later this year.
PayPal and iZettle were not immediately available for comment.
Founded in Stockholm in 2010, iZettle started out selling credit and debit card readers that could be plugged into smart phones and tablets. It has since expanded into financing services, with a presence in Brazil, Mexico and Europe.
By joining forces with PayPal, which operates in 200 countries, iZettle will be able to accelerate its global expansion, including to the US.
The deal will also help PayPal provide a more comprehensive suite of services to its merchants.
Under the leadership of CEO Dan Schulman, the company has been expanding aggressively through acquisitions and partnerships with large banks and technology firms including Bank of America Corp, JPMorgan Chase & Co, Apple Inc and Facebook Inc.
The transaction is expected to be approximately $0.01 dilutive to PayPal's previously communicated full year 2018 non-GAAP EPS. The two companies will continue to operate independently until close.
PayPal said it hopes to be able to reap the advantages of the merger nearly immediately in certain areas, and that the financial benefits will kick in shortly after the deal closes, expected in the third quarter.
Evercore is acting as sole financial adviser to PayPal, and Skadden, Arps, Slate, Meagher & Flom LLP and Roschier are acting as its legal advisers with regard to the transaction.
Erdogan has said the case was founded on evidence fabricated by followers of US-based self-exilded Muslim cleric Fethullah Gulen. The legal proceedings have caused further division between the USA and its North Atlantic Treaty Organisation ally Turkey .
Eagles owner Jeffrey Lurie seems to agree - in a private meeting with Eagles players, Lurie allegedly called Trump "disastrous". He was not the only Eagles player to let it be known that he's not interested in making the trip to the nation's capital.
He then began smoking in the airport and before running to the nearest gate, pushing the airport crew out of his way. The man has been banned from any future Jetstar or Qantas flights and is set to face charges.
The undercarriage with the bus wheels lies perpendicular to the overturned bus, stretching out over multiple lanes of the highway. Mount Olive police say westbound traffic is being diverted off Route 80 at exit 26 and to expect heavy delays along Route 46.
Congress leader and former Chief Minister of Karnataka Siddaramaiah slams BJP says, "The matter is pending before the Court". Kavlekar said that in absence of the chief minister in the state since last two months, there is no government in place.
In a later statement to PCGamesN, Deep Silver and 4A expressed that delays were to provide more time for polish. It's tentative release is now expected to happen in 2019, but no specific date was given.
The vote was 54-45 in favour of her nomination in the 100-member chamber, where a simple majority is required for confirmation. John McCain's opposition to Haspel regarding her involvement in post-9/11 interrogation methods ultimately swayed his vote .
Those routes, and several others, were eliminated past year after other airlines - chiefly United - cut fares to compete. The additions make Denver-based Frontier the largest carrier in San Antonio for direct flights, totaling 23 cities.
In addition, ALMA also detected a weaker signal of hydrogen emission was also detected by ESO's Very Large Telescope ( VLT ). Star cluster MACS1149-JD1 is the most remote object in space, the distance to which they are able to determine.
Finally, the smartphone has a 3000 mAh Li-ion non-user replaceable battery with Turbocharging support via USB type C port. Aart from the dual camera, the Moto 1s also features 5.7-inch FHD+ display and Snapdragon 450 processor.
Ms Sanders said if there was no meeting, the USA would "continue with the campaign of maximum pressure". North Korean state media cited current military exercises between Seoul and the U.S. as the reason.
In the case of a hung Assembly, the leader is asked to prove the majority on the floor of the House within a stipulated time. As the results show, BJP's vote share has dropped by some seven percentage points since the 2014 general elections.
Tottenham's new home has a touch of glass
According to Sky Sports , Pochettino will be the ideal candidate to replace Conte at Stamford Bridge as the 46-year-old is in the process of extending his current three-year deal with Spurs .
Emergency meeting called as Ebola spreads to Congolese city
The scale of the previous outbreak forced several nations, including Russian Federation and China, to develop vaccines to Ebola . Senior WHO official Peter Salama said the spread to Mbandaka meant there was the potential for an "explosive increase" in cases.
Sunrisers Hyderabad elect to bowl first in IPL clash
Moeen Ali pitched in with 65 runs to help Bangalore reach 6-218, overpowering Kane Williamson's 81 off 42 balls for Hyderabad. Needing 20 off the final over, Williamson was caught on the boundary by Black Caps teammate Colin de Grandhomme .
Lighthizer Said to Be Pessimistic on Meeting Nafta Deadline
Mexico is under pressure to strike a deal before presidential elections in July further inject politics in negotiations. US officials say the negotiations need to wrap up very soon to give the current Congress time to vote on a final text.
Tampa Bay Lightning at Washington Capitals Matchup 5/17/18
Washington could get a boost if center Nicklas Backstrom , who has missed the last four games with an injured hand, returns. He had an assist on power play goals by Steven Stamkos and Nikita Kucherov and helped kill three penalties.
Unemployment rises to 5.6 per cent in April
In a positive sign for the Government, its promise of 2013 to create one million jobs in five years was met last month. Gauteng Province, the country's economic engine, dropped by 0.5 of a percentage point, the Stats SA showed.