Baird Downgrades Xoom Corporation (XOOM) to Neutral
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PayPal to Acquire Xoom
July 1, 2015 5:32 PM EDTEntry into $600 Billion International Money Transfer Market1 with Leading Technology Solution
Expands Services for PayPals Customers and Accelerates Time-to-Market in Key International Markets
SAN JOSE, Calif. & SAN FRANCISCO--(BUSINESS WIRE)-- PayPal, Inc. and Xoom Corporation (NASDAQ: XOOM), a digital money transfer provider, today announced a definitive agreement under which PayPal will acquire Xoom for $25 per share in cash or an approximate $890 million enterprise value. The transaction represents a premium of 32% over Xooms three-month volume-weighted average price and was... More
