PayPal Agrees to Buy Xoom for $890 Million

Xoom, a San Francisco-based online money transfer technology and services company that went public in 2013, is being acquired by PayPal for $25 per share in cash or $890 million. The price represents a  32 percent premium over Xoom’s three-month volume-weighted average price. As stated in a PayPal-issued release about the tie-up, “Acquiring Xoom allows PayPal to offer a… Read More...