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eBay buys Zong for $240 million
UPI.com SAN JOSE, Calif., July 9 (UPI) — Internet giant eBay Inc. said it has agreed to buy electronic payment company Zong in a $240 million all-cash, all-California acquisition. Zong, which has its headquarters in Menlo Park, Calif., "leverages connections … Biz Break: Apple hits 15 billion milestone. Plus: eBay keeps up its shopping spree EBay-Zong is the first salvo in World War of Payments. Which side are you on? EBay Buys Mobile Payment Provider, to Beef Up PayPal |
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