eBay Buys Zong, Sony Scraps MiniDisc Walkman

NEW YORK (TheStreet) — eBay shares fell 1.5% to $32.83 in premarket trading Friday a day after the company announced it had acquired mobile payments company Zong for $240 million in cash. The acquisition will complement eBay’s PayPal business and expand its mobile offerings, the company said. … Click to view a price quote on EBAY . Click to research the Retail industry.

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