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 a few 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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