• Walmart's Flipkart deal has one analyst questioning whether the company can fulfill a big promise it just made to shareholders

    6 days ago - By Business Insider

    Walmart is planning to buy back $20 billion of its own shares over the next two years.
    But its $16 billion Flipkart acquisition could put a dent in those plans, according to RBC Capital Markets analyst Scot Ciccarelli.
    Watch Walmart trade in real time here.
    There's a different risk to Walmart 's Flipkart acquisition than what everybody's talking about.
    While most of the concern on Wall Street surrounding Walmart's Flipkart acquisition has centered on whether or not the Indian e-commerce giant can be profitable anytime soon , RBC Capital Markets analyst Scot Ciccarelli is worried about...
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  • PayPal's $2.2 billion acquisition of Swedish card terminal startup iZettle makes perfect sense - and Square should be worried

    PayPal's $2.2 billion acquisition of Swedish card terminal startup iZettle makes perfect sense - and Square should be worried

    6 days ago - By Business Insider

    PayPal is buying Swedish card reading startup iZettle for $2.2 billion.
    The deal looks expensive at 20x revenues and double iZettle's expected IPO valuation.
    But iZettle's in-store offering complements PayPal's online prowess and gives it a much more powerful sales pitch to take to businesses.
    PayPal plans to roll-out iZettle to new international markets and this will likely include the US - bad news for Square, which up until now has only really competed with iZettle in the UK.
    LONDON - PayPal surprised many industry observers with a $2.2 billion deal to buy eight-year-old Swedish card...
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  • A wild rumor spread through the NBA that a 13-year journeyman who's made $81 million was actually a billionaire thanks to a Google mixup

    A wild rumor spread through the NBA that a 13-year journeyman who's made $81 million was actually a billionaire thanks to a Google mixup

    6 days ago - By Business Insider

    A mixup on Google labeled Cleveland Cavaliers guard Jose Calderon as having a stake in a bottling company for Coca-Cola and having a $2.2 billion net worth.
    The rumor spread around the internet and eventually into the NBA, where the Cavs and other players have relentlessly teased Calderon.
    Despite Calderon's insistence that the information is not accurate, the Cavs are skeptical and have forced things like dinner checks onto him.
    Jose Calderon has done well for himself in his 13-year career, earning $81 million, according to Basketball-Reference .
    However, a mixup on Google labeled...
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  • Square sinks after Paypal acquires iZettle to better compete in payments

    Square sinks after Paypal acquires iZettle to better compete in payments

    6 days ago - By Business Insider

    Square shares are lower after Paypal announced it will acquire iZettle, a European fintech startup.
    iZettle will allow Paypal to compete better in the point-of-sale business where Square previously had a large advantage.
    Watch Square trade in real-time here.
    Square shares are down more than 4% in Friday after Paypal announced it will acquire European fintech company iZettle for $2.2 billion .
    The acquisition of iZettle, which produces mini credit card readers for smartphones and tablets, would help Paypal compete better in the point-of-sale business where Square has historically had an...
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  • Paypal is gaining ground after announcing its $2.2 billion acquisition of a European competitor of Square

    Paypal is gaining ground after announcing its $2.2 billion acquisition of a European competitor of Square

    6 days ago - By Business Insider

    Paypal announced it is acquiring iZettle, a European competitor of Square, for $2.2 billion.
    The $2.2 billion deal is Paypal's largest acquisition to date and would put the company in the field of physical payments.
    Watch Paypal trade in real-time here.
    Paypal is up almost 2% in pre-market trading after announcing it will pay $2.2 billion to acquire iZettle. The Stockholm-based payments company offers mini credit card readers that allow smartphones and tablets to take payments, making it a competitor to Square. The deal, if closed, would be Paypal's largest acquisition, putting it in the...
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  • Data Sheet-PayPal's Latest Acquisition Shows Why Everyone Wants a Piece of the Payments Pie

    Data Sheet-PayPal's Latest Acquisition Shows Why Everyone Wants a Piece of the Payments Pie

    6 days ago - By Fortune

    PayPal is buying a Swedish startup that offers Square-like payments services in Europe for a whopping $2.2 billion. It's a lot of money because the company, iZettle, processes a tiny fraction of Square's volume, which is a tiny fraction of PayPal's.
    Three takeaways:
    * Who would have thought a decade ago that payments would be such a hot field? PayPal was an obvious acquisition for eBay once upon a time because all the then-auction site's customers were using it. Today, the independent PayPal is worth 2.5 times its one-time owner, and its business is way bigger than merely processing...
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  • Paypal is gaining ground after announcing its $2.2 billion acquisition of a European competitor of Square

    Paypal is gaining ground after announcing its $2.2 billion acquisition of a European competitor of Square

    6 days ago - By Business Insider

    Paypal announced it is acquiring iZettle, a European competitor of Square, for $2.2 billion.
    The $2.2 billion deal is Paypal's largest acquisition to date and would put the company in the field of physical payments.
    Watch Paypal trade in real-time here.
    Paypal is up almost 2% in pre-market trading after announcing it will pay $2.2 billion to acquire iZettle. The Stockholm-based payments company offers mini credit card readers that allow smartphones and tablets to take payments, making it a competitor to Square. The deal, if closed, would be Paypal's largest acquisition, putting it in the...
    Read more ...

     

  • Paypal is gaining ground after announcing its $2.2 billion acquisition of a European competitor of Square

    Paypal is gaining ground after announcing its $2.2 billion acquisition of a European competitor of Square

    6 days ago - By Business Insider

    Paypal announced it is acquiring iZettle, a European competitor of Square, for $2.2 billion.
    The $2.2 billion deal is Paypal's largest acquisition to date and would put the company in the field of physical payments.
    Watch Paypal trade in real-time here.
    Paypal is up almost 2% in pre-market trading after announcing it will pay $2.2 billion to acquire iZettle. The Stockholm-based payments company offers mini credit card readers that allow smartphones and tablets to take payments, making it a competitor to Square. The deal, if closed, would be Paypal's largest acquisition, putting it in the...
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  • PayPal's 5 biggest acquisitions before its $2.2 billion iZettle deal

    PayPal's 5 biggest acquisitions before its $2.2 billion iZettle deal

    6 days ago - By Venture Beat

    ANALYSIS: PayPal announced that it is buying European Square competitor iZettle last night, in a deal worth $2.2 billion. While it may raise some questions around the ambitions of European technology startups, given that iZettle had recently revealed its intentions to go public, it also revealed how eager PayPal is to boost its brick-and-mortar asp...
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