eBay's PayPal to buy VeriSign unit for $370M
A Reuters newswire article, via Yahoo! News, reports that:
eBay Inc. and VeriSign Inc. on Monday said they had agreed to a strategic alliance that calls for the two companies to collaborate on payment services and security for e-commerce.
Under terms of the agreements, eBay's PayPal, the largest online payments company, will pay about $370 million in cash and/or stock to buy VeriSign's payment processing gateway business and combine it with PayPal's merchant services.
posted by Fergie @ 10/10/2005 02:38:00 PM
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