Notable Bullish Options Activity in Twitter (TWTR) Targets Upside in Shares Over Next Few Months -Susquehanna

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PayPal expands retail payments with $2.2 billion Zettle buy

May 17, 2018 2:20 PM EDT

By Anna Irrera and Olof Swahnberg

NEW YORK/STOCKHOLM (Reuters) - PayPal Holdings Inc (NASDAQ: PYPL) has agreed to buy Swedish financial technology startup iZettle for $2.2 billion in the U.S. online payments provider's biggest ever acquisition.

The deal will allow the Californian company to expand into the retail payment terminals business in international markets, where it will compete with Silicon Valley firm Square Inc (NYSE: SQ) founded by Twitter (NYSE: TWTR) CEO Jack Dorsey.

Stockholm-based iZettle, which had advanced plans to... More