Baird Affirms PayPal (PYPL) at 'Outperform' Following Xoom Acquisition; Says Apple Pay Remittance Misunderstood
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PayPal Completes Acquisition of Xoom
November 12, 2015 9:01 AM ESTPayPal to Enter International Remittances Market with Leading Technology Platform
SAN JOSE, Calif. & SAN FRANCISCO--(BUSINESS WIRE)-- PayPal, Inc. (NASDAQ: PYPL) and Xoom Corporation (NASDAQ: XOOM) today announced that PayPal has completed its previously announced acquisition of Xoom. In accordance with the terms of the acquisition agreement announced on July 1, 2015, PayPal acquired all of the outstanding shares of Xoom for $25 per share in cash.
Xoom will operate as a separate service within PayPal under the continued leadership of John Kunze, who has... More
