Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Paypal acquires Swedish FinTech company iZettle
May 18, 2018

Seeking to extend its global reach, PayPal has reached a deal to buy iZettle for about USD 2.2bn. iZettle becomes PayPal’s biggest-ever transaction. For some context, in 2015 PayPal acquired money-transfer startup Xoom for USD 890m. iZettle has operations in 12 markets, including several in northern Europe and Mexico in Latin America, where PayPal doesn’t have an extensive offline presence.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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