previous acquisitions? In its documentation filed ahead of its proposed stock market listing, iZettle made an underlying loss (Lbitda) of 73mln krona, or roughly £6.18mln or US$8.36mln, in the first three months of 2018.

Schulman described the merging of iZettle and PayPal as a "strategic fit" combining shared values and culture with complementary product offerings and geographies. As far as this acquisition is concerned, iZettle being part of PayPal would help the company to expand its service to Europe.

Upon closing of the deal, PayPal will gain in-store capabilities in Brazil, Denmark, Finland, France, Germany, Italy, Mexico, Netherlands, Norway, Spain and Sweden.


PayPal and iZettle were not immediately available for comment. Close sources claim that the IPO filing forced Paypal management to speed up the acquisition process.

PayPal bought out mobile payments startup Paydiant for $280 million in 2015, and it continues to operate as a PayPal unit under its own brand today.


Related news:

Share this:

Hot News

isis-killer-beheading-video-story-top EU Commission launches measures to protect EU business in Iran
May 18, 2018 - 16:16
Meanwhile, the head of Iran's Atomic Energy Organisation called on the European signatories to make up for the USA withdrawal from the agreement .

isis-killer-beheading-video-story-top World Health Organization convenes emergency meeting as Ebola spreads in DRC
May 18, 2018 - 16:02
It can spread rapidly through contact with small amounts of bodily fluid, and its early flu-like symptoms are not always obvious. It said of the now 25 dead, only one death has been confirmed as Ebola .

isis-killer-beheading-video-story-top The White House is also distracted by Yanny/Laurel social media storm
May 18, 2018 - 15:54
The disputed mystery audio clip that sounds like different things to different people, Yanny or Laurel has divided the Internet. Here is a brief summery: For starters, what you hear depends on which frequencies your brain emphasizes.

isis-killer-beheading-video-story-top Trump discloses payment to attorney who paid off porn star
May 18, 2018 - 15:53
But "it was clear that the deal was not going to happen", said Ruhaimi, who is no longer part of the Qatari government. Novartis has faced public outrage in recent weeks over its payment to Essential Consultants, a company founded by Mr.

isis-killer-beheading-video-story-top Everton finally set to sack Allardyce
May 18, 2018 - 15:38
Sam Allardyce and David Moyes are both set to depart the clubs which they helped retain Premier League status this season.

isis-killer-beheading-video-story-top Get addicted to bettering yourself: Maesh Bhatt tells daughter Alia
May 17, 2018 - 03:23
Raazi is a story of a Kashmiri spy girl who gets married to a Pakistani army officer in order to share the secret details. With 39.24 crore already accumulated by the Alia Bhatt starrer , it now has to be seen where does the film go from where.

isis-killer-beheading-video-story-top 'Brexit talks could collapse unless May rescues customs plan'
May 17, 2018 - 03:22
Asked whether his message was, in summary, "Boris belt up", Hunt replied: "You could say that". His comments came as the Prime Minister insisted she could be trusted to deliver on Brexit.

isis-killer-beheading-video-story-top Ronda Rousey Makes Major Announcement About Her Personal Life
May 17, 2018 - 03:21
Her plans to have a baby come as she is enjoying a renewal of spirits in her second career as a WWE performer. She appeared in a tag-team match with Kurt Angle at Wrestlemania last month. "But I don't know yet".

isis-killer-beheading-video-story-top Thandie Newton Wears a Gown Honoring Black Star Wars Characters in Cannes
May 17, 2018 - 03:18
But we hope that decision ends up being the one Lucasfilm makes. Solo: A Star Wars Story will be officially released on May 25.

isis-killer-beheading-video-story-top WWE Raw: Roman Reigns attacks Jinder Mahal, Ronda Rousey accepts challenge
May 17, 2018 - 03:17
Ronda Rousey: In a major shocker, this match was booked at the NBC upfront presetnation on the red carpet. Previously on WWE Raw , Seth Rollins instituted an Intercontinental Championship Open Challenge.

isis-killer-beheading-video-story-top Margot Kidder, Lois Lane of the Superman franchise, has died
May 17, 2018 - 03:15
"When you're strapped to someone hanging from the ceiling for months and months, you get pretty darned close", Kidder told CBS . After being reported missing for days in 1996, police took her away in handcuffs to Olive View-UCLA Medical Center.

isis-killer-beheading-video-story-top Lineker says England should 'write off' World Cup
May 17, 2018 - 03:09
Playing for Crystal Palace, Ruben Loftus-Cheek managed to catch the eyes of Gareth Southgate with his performances this season.

isis-killer-beheading-video-story-top Indonesian police headquarters attacked
May 16, 2018 - 14:06
Editor's note: An earlier version of this article stated that at least three men had attacked the Riau Police headquarters. The next day, members of another family blew themselves up at a police station in the city, wounding 10.

isis-killer-beheading-video-story-top Iraqi PM orders recount in Kirkuk
May 16, 2018 - 14:04
The preliminary results were based on a count of more than 91 percent of the votes cast in 16 of Iraq's 18 provinces. The announcement came just over 24 hours after polls closed across the country amid record low voter turnout.

isis-killer-beheading-video-story-top Israeli, Palestinian Envoys In Angry Exchanges At UN Security Council
May 16, 2018 - 13:56
In Gaza city, hundreds marched in the funeral of eight-month-old Leila al-Ghandour, whose body was wrapped in a Palestinian flag. It did not say how long Zomlot, the most senior Palestinian official in Washington , would be withdrawn for.