Posts Tagged “ebay inc”

eBay Inc. Completes Acquisition of Zong

SAN JOSE, Calif., Aug. 11, 2011 -- eBay Inc. (Nasdaq:EBAY) today announced it completed its previously announced acquisition of Zong, a leading provider of payments through mobile carrier billing. In accordance with the terms of the acquisition agreement announced on July 7, 2011, eBay acquired Zong for total consideration of approximately $240 million.


eBay Inc. to Acquire Zong

SAN JOSE and MENLO PARK, Calif. – July 7, 2011 – eBay Inc. (NASDAQ: EBAY) announced today that it has agreed to acquire Zong, a leading provider of payments through mobile carrier billing, for total consideration of approximately $240 million in cash. Zong leverages connections with more than 250 mobile network operators around the world, offering localized, secure and easy-to-use payments capabilities for digital goods and services in 21 languages and 45 countries. Combined with PayPal’s leading global payment platform serving 100 million active accounts worldwide, the company expects that Zong will add complementary technology and talent that help strengthen PayPal’s leadership position in mobile payments and digital goods.


PayPal and X.commerce Launch PayPal Access

SAN FRANCISCO--(BUSINESS WIRE)--At eBay Inc.’s Innovate Developer Conference 2011, PayPal and X.commerce, the world’s first open commerce ecosystem, today introduced PayPal Access, a new trusted commerce identity system that makes it safer and easier for customers to shop across the web without having to remember multiple passwords.


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