EBay Completes Braintree Mobile Payments Acquisition

By | December 19, 2013

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EBay (EBAY) said Thursday that it’s completed its $800 million cash acquisition of smartphone and tablet payment app specialist Braintree. The deal to acquire the Chicago-based company was announced on Sept. 26. EBay says Braintree will now operate as a separate service within its PayPal unit. Braintree CEO Bill Ready will report to PayPal President David Marcus and has joined PayPal’s executive staff. EBay also said Braintree’s Venmo, a mobile Scalper1 News

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