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PayPal plans to acquire shopping and deal-hunting platform Honey for $4 billion, its largest acquisition to date.

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  • PayPal announced that it will buy shopping and rewards platform Honey for $4 billion, its largest acquisition to date.
  • Buying Honey allows PayPal to establish a foothold in a new area of the market.
  • PayPal’s stock price dropped more than 2% in extended trading after the announcement.
  • Visit Business Insider’s homepage for more stories.

Online payments giant PayPal announced Wednesday that it plans to buy Honey, a company that makes browser add-ons for its customers, for $4 billion. The acquisition, which is PayPal’s biggest acquisition to date, is part of the company’s push to broaden its reach beyond the payments read more >>>

Source:: BusinessInsider.Com