"Prior to the closing of the acquisition, the Fueled by a fundamental belief that having access to financial services creates opportunity, iZettle is on a mission to help small businesses succeed in a world of giants.
This press release features multimedia. This transaction builds on PayPal’s strong set of products and services for small businesses and is intended to help accelerate growth and deliver a seamless commerce experience for merchants. Why should I connect my PayPal account to iZettle? "We share PayPal's strong belief in the power of small businesses. Founded in This announcement contains "forward-looking" statements within the meaning of applicable securities laws. While that’s a great opportunity for providers, it also presents a challenge — 27.4 million consumers are looking to cancel their subscriptions because of friction and cost concerns. This transaction builds on PayPal's strong set of products and services for small businesses and is intended to help accelerate growth and deliver a seamless commerce … 114.5 KB. The news comes as PayPal announced last September that it had completed its acquisition of iZettle. Together, we will be stronger and move even faster to help small businesses succeed in a world of giants. Teaming up with another company is no small thing, but we share the same belief in the power of small businesses and we’re really excited about what we can achieve together. Overview of the deal Acquirer: PayPal Target: iZettle Estimated value: $2.2 bn Announcement date: 05/18 PayPal Advisors: Evercore - iZettle Advisors: J.P. Morgan Several nights before iZettle was primed and prepped to list on Nasdaq Stockholm Stock Exchange, which would give the company a valuation of $1.1 bn, PayPal, SAN JOSE, Calif.--PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has completed its acquisition of iZettle for approximately $2.2 billion USD. Forward-looking statements and information relate to future events and future performance and reflect PayPal's expectations regarding the impact of this transaction on PayPal's and iZettle's financial and operating results and business, the operation and management of iZettle after the acquisition. The move will significantly bolster the in-store presence and platform of PayPal, according to an PayPal President and CEO Dan Schulman said in the announcement, “I am pleased our acquisition of iZettle has been unconditionally approved.” Schulman continued, “We believe there is huge potential in giving millions of small businesses access to affordable tools to run their business and look forward to working together with the iZettle team to make this a reality.”In the announcement, the company noted, “The CMA has published its view on its website that the acquisition will not lead to competition concerns.”The news comes as PayPal announced last September that it had PayPal Chief Operating Officer Bill Ready said per that release, “We’re thrilled to welcome the iZettle team to the PayPal family and are excited to expand the ways we serve our small business customers.” Ready continued, “iZettle brings a suite of products and services that allows merchants to meet their customers where they are — online, in store or via mobile.
PayPal to buy iZettle for nearly $2.2 billion Financial technology titan PayPal made its biggest ever acquisition on Thursday. With the United Kingdom Competition and Markets Authority’s (CMA) decision to provide final and unconditional approval of PayPal’s completed acquisition of iZettle, the digital payments company will start to integrate the teams and products of iZettle in the U.K. and around the world. Factors that could cause or contribute to such differences include, but are not limited to, the reaction to the transaction of iZettle's customers and business partners, the reaction of competitors to the transaction, the retention of iZettle's employees, PayPal's plans for iZettle, including the possibility that integration may be more difficult than expected, the timing and possible outcome of CMA's review of the transaction, economic and political conditions in the global markets in which Read what's being said for, by, and about our company and our employees.Access research, videos, product images, and logos for download.Find out more about PayPal through an informative, entertaining video archive.Stay up to date by receiving investor-related email alerts. Using the iZettle card reader and point-of-sale app, you can take chip and PIN, contactless and mobile payments almost anywhere in Great Britain. SAN JOSE, Calif.-- (BUSINESS WIRE)--PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has completed its acquisition of iZettle for approximately $2.2 billion USD. This is another step in our journey toward democratizing commerce tools to help businesses of all sizes thrive.”Staying home 24/7 has consumers turning to subscription services for both entertainment and their day-to-day needs. Forward-looking statements may be identified by words such as "seek", "believe", "plan", "estimate", "anticipate", expect", "intend", and statements that an event or result "may", "will", "should", "could", or "might" occur or be achieved and any other similar expressions.Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made, and, accordingly, readers should not place undue reliance on forward-looking statements and information.
You can accept all major credit and debit cards as well as Apple, Samsung and Google Pay, and then have the money automatically deposited into your PayPal account. View the full release here: "We're thrilled to welcome the iZettle team to the "Today is a very big day - for me and for everyone at iZettle," de Geer said. In the latest Get our hottest stories delivered to your inbox.Sign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.© 2020 What’s Next Media and Analytics The firm bought Stockholm, Sweden-based payments start-up iZettle … PayPal Completes Acquisition of iZettle. iZettle and PayPal join forces In 2018, iZettle became part of the PayPal family.
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