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.
Sign up for free newsletters and get more CNBC delivered to your inbox
© 2019 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.