EBay buying mobile payments provider Zong for $240 million

Online auction site eBay has announced it will be acquiring mobile payments provider Zong in a $240 million all-cash deal, in a move to bolster the company’s footprint in the mobile commerce world. The company already controls the leading online payment service PayPal; eBay hopes combining Zong’s mobile payment operations …

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FedEx Adds 4,000 Fuel Efficient Vehicles

, July 7, 2011 (ENS) – FedEx Express is expanding its fleet of all-electric and less polluting, energy efficient vehicles. FedEx Express will place 24 new all-electric vehicles into service by the end of August, expanding to three new cities and more than doubling its fleet to 43 EVs. More: …

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From eBay to Zong and back again

eBay (EBAY) today announced plans to significantly expand the reach of its PayPal unit, by agreeing to acquire a company that lets users make payments by simply entering their mobile phone number. The $240 million cash deal is for Zong, a Silicon Valley company that raised $27.5 million in venture …

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