08.12.2019 20:44:00

The Reason PayPal Just Spent $4 Billion on Honey

In November, PayPal Holdings (NASDAQ: PYPL) announced the $4 billion acquisition of Honey Science, an e-commerce tool that helps shoppers find deals. The move puzzled many observers, as it is not only PayPal's largest-ever acquisition, but it's also a very rich price tag for a company that only generated approximately $100 million in sales last year.That being said, PayPal has had a lot of success making deals. The company purchased Braintree for $800 million in 2013 -- that deal included Venmo, which has become a major source of growth for PayPal.Could the acquisition of Honey be another game-changing moment for PayPal?Continue reading
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