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"eBay has announced an agreement to buy global payment platform Braintree for $800 million. \nThe company will be integrated into eBay's PayPal unit. \n\"Braintree is a perfect fit with PayPal,\u201D said eBay President and CEO John Donahoe in a press release announcing the deal. \u201CBill Ready and his team add complementary talent and technology that we believe will help accelerate PayPal\u2019s global leadership in mobile payments. Together, we expect that PayPal and Braintree also will accelerate our leadership in supporting developers who are creating innovative solutions for next generation commerce startups.\u201D\nSee also: 10 Weirdest Things for Sale on eBay\nFounded in 2007, the Chicago-based Braintree provides back-end payment solutions for LivingSocial, Uber and Airbnb, among others. In all, Braintree processes more than $10 billion in payments annually. \nImage: Getty/Sean Gallup"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2013/09/26/ebay-braintree/>