eBay buys VeriSigns Payment Unit - Waiting for Google....
Source Title:
eBay is acquiring VeriSign's payment processing business for US$370 million
eBay is acquiring VeriSign's payment processing business for US$370 million
Story Text:
Well, it's buy and sell time again for the Internet. Fresh from buying both weblogs.com and Moreover, Verisign has sold it's payment unit to Ebay/PayPal
Well, it's buy and sell time again for the Internet. Fresh from buying both weblogs.com and Moreover, Verisign has sold it's payment unit to Ebay/PayPal
eBay is acquiring VeriSign's payment processing business for US$370 million. VeriSign will be merged with PayPal and is estimated to generate a 20 percent operating margin which eBay hopes to help offset the recently reported high purchase price of Skype.
PayPal will be able to process payments with way more countries, and still no good news from Google:(
- Y! MyWeb