[Reuters] EBay buys Zong as mobile payments gain traction

Posted by: UGN Security

[Reuters] EBay buys Zong as mobile payments gain traction - 07/07/11 07:41 PM

NEW YORK/SAN FRANCISCO (Reuters) - EBay Inc said on Thursday it agreed to buy cellphone payments provider Zong for about $240 million in cash to help its PayPal unit push further into mobile commerce.