PayPal in advanced talks to buy payments group iZettle
The Nasdaq-listed payments giant is close to a deal that would scupper iZettle’s proposed public listing, Sky News learns.
The digital payments giant PayPal Holdings is in advanced talks about a takeover of iZettle in a move that would gatecrash one of the European technology sector’s biggest stock market flotations.
Sky News has learnt that PayPal could announce its intention to buy iZettle as soon as Friday morning.
The exact purchase price is unclear, although it is expected to be at a significant premium to the $1.1bn valuation that iZettle was reported to be seeking from its listing on Nasdaq Stockholm.
People close to the talks cautioned that a deal could still fall apart.
A takeover by PayPal, which has a market capitalisation of over $92bn, would underline the fast-changing nature of the world’s digital payments sector.
iZettle, which is backed by major early-stage investors such as Index Ventures and Dawn Capital, has become a big player in mobile payments infrastructure.
It was founded in Sweden as a provider of credit card readers to small businesses, but has outlined major ambitions to take advantage of the rapid evolution in artificial intelligence and cloud technology in order to develop new products for its customer base.
Read More
By Mark Kleinman, City editor
Sky News
Thursday 17 May 2018
FROM THE WEB
Jack Dorsey joined a company hackathon to get bitcoin in Square
Quartz
May 17, 2018
Credit card payments evolve beyond the mobile wallet
National Post
May 17, 2018 10:19 AM EDT
Making UPI payments could soon be as easy as making a sound with your phone
Business Standard
May 16, 2018 08:22 IST
Ex-Citi, Comcast execs raise another $100M for FairSquare credit cards
The Inquirer, Daily News,Philly.com
MAY 15, 2018 — 1:16 PM EDT
WORLDLINE SA : Strategic partnership between Worldline and SIX consolidating European payments
Globe Newswire
May 15, 2018 01:01 ET
Study: Real-time payments on pace to replace payment card usage
Chain Store Age
May 14, 2018
FROM THE TUBE
PayPal CEO & Jim Cramer Talk China, Diversity, Alexa and More!
TheStreet: Investing Strategies
Published on May 7, 2018
Wells Fargo Reimagines Mobile Experience with ‘Pay with Wells Fargo’
Wells Fargo
Published on May 10, 2018
Counting the cost of going cashless
Financial Times
Published on May 10, 2018
Technology insights from Day 2
NRF Expo 2018 | Retail Assist Vlog
Retail Assist
Published on Jan 17, 2018
Technology insights from NRF Expo 2018 |
Retail Assist Vlog
Retail Assist
Published on Jan 16, 2018
NRF 2018: Fireside Chat with
PaymentSource’s Daniel Wolfe
Verifone
Published on Jan 25, 2018
