PayPal (NASDAQ: PYPL) is making its biggest acquisition ever, plunking down $2.2 billion for iZettle, a Stockholm-based in-store payments service provider. iZettle will provide a greater presence for PayPal in stores and in Europe, and enable it to compete better with Square (NYSE: SQ) for the business of small merchants.Square, meanwhile, will have to deal with a competitor that suddenly has a lot of cash at its disposal to fuel its growth.
Paypal Is Spending $2.2 Billion To Take On Square
newsfeedback@fool.com (Adam Levy), The Motley Fool
Sun, 05/20/2018 - 1:00pm
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