Xoom electronic payment provider sold for $ 890 million to PayPal
PayPal buys the Xoom online money transfer system for $ 890 million. This amount is 32% higher than the average weighted value of the company over the past three months. From this it follows that PayPal paid $ 25 per share.
The acquisition of Xoom will allow PayPal to expand its range of services in the global market. Xoom works in 37 countries of the world. For PayPal, the markets of Mexico, India, the Philippines, China and Brazil are especially important, reports TechCrunch.
Xoom entered the IPO in 2013. Prior to that, she raised $ 78 million in investment from Glynn Capital Management , Sequoia Capital , New Enterprise Associates , and Fidelity Ventures .
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In July 2013, the company's shares went up. Their price was about $ 34. However, in January of this year they were trading at a price of $ 17 apiece. Amid news on takeover, the price has risen to $ 22.
Xoom is one of the largest providers of electronic payments. Its customers can transfer and pay bills via a mobile phone, tablet or computer. Between April 2014 and April 2015, about $ 7 billion passed through the Xoom. The service was used by 1.3 million customers.
The acquisition of Xoom will allow PayPal to expand its range of services in the global market. Xoom works in 37 countries of the world. For PayPal, the markets of Mexico, India, the Philippines, China and Brazil are especially important, reports TechCrunch.
Xoom entered the IPO in 2013. Prior to that, she raised $ 78 million in investment from Glynn Capital Management , Sequoia Capital , New Enterprise Associates , and Fidelity Ventures .
')
In July 2013, the company's shares went up. Their price was about $ 34. However, in January of this year they were trading at a price of $ 17 apiece. Amid news on takeover, the price has risen to $ 22.
Xoom is one of the largest providers of electronic payments. Its customers can transfer and pay bills via a mobile phone, tablet or computer. Between April 2014 and April 2015, about $ 7 billion passed through the Xoom. The service was used by 1.3 million customers.
Source: https://habr.com/ru/post/292148/
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