Deals and IPOs

EBay to bolster PayPal business with $800 million acquisition

Eric Piermont | AFP | Getty Images

EBay said it would buy payment platform Braintree for about $800 million in cash to add to its PayPal business.

Braintree will continue to operate as a separate service within PayPal led by Braintree's Chief Executive Bill Ready, EBay said.

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