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PayPal completes acquisition of Xoom

Thursday 12 November 2015 | 16:03 CET | News
PayPal, and Xoom announced that PayPal completed its previously announced acquisition of Xoom. In accordance with the terms of the acquisition agreement announced on 1 July, PayPal acquired all of the outstanding shares of Xoom for USD 25 per share in cash. Xoom will operate as a separate service within PayPal under the continued leadership of John Kunze, who has joined PayPal's executive staff and will report to PayPal CEO Dan Schulman. Xoom provides a way to send money to, and pay bills for, family and friends around the world, using a mobile phone, tablet or computer. 

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Categories: Internet / Mobile & Wireless
Companies: PayPal
Countries: United States / World
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