Deals
PayPal to Buy iZettle for $2.2 Billion to Compete With Square
A customer removes a credit card into Square device while making a payment in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
PayPal Holdings Inc. is buying Swedish small-business platform iZettle for $2.2 billion to expand in Europe and Latin America and increase its presence in brick and mortar stores.
“Small businesses increasingly want a full suite of capabilities across channels, a one-stop stop,” Dan Schulman, chief executive officer of PayPal, said in an interview. “IZettle was the perfect fit in many ways.”