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iZettle

PayPal iZettle Purchase

PayPal takes on Square with massive $2.2B iZettle purchase

May 18th, 2018

PayPal just confirmed that it’s buying Swedish payments startup iZettle for $2.2 billion in an all-cash transaction, which would make it PayPal’s biggest purchase ever. The company paid $890 million for Xoom a few years ago, and $800 million for Venmo back in 2013, when it still was a part of eBay. iZettle’s main business …