PayPal to Buy Honey for $4 Billion to Expand Commerce Capabilities
Last week, PayPal announced it plans to buy shopping and rewards platform Honey Science Corporation (Honey) for $4 billion to expand its ecommerce capabilities. TechCrunch reports that the $4 billion price tag will be paid in mostly cash. The acquisition, which is PayPals largest to date, will accelerate growth for both companies, allowing them to provide enhanced shopping experiences for customers while driving sales and conversions for merchants.
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