[Reuters] EBay to buy Braintree to boost PayPal's mobile presence

Posted by: UGN Security

[Reuters] EBay to buy Braintree to boost PayPal's mobile presence - 09/26/13 11:25 PM

(Reuters) - Ebay Inc will buy payment gateway Braintree for about $800 million to strengthen its PayPal unit's presence on mobile devices and take out a rapidly growing rival.