Ebay Inc.'s (Nasdaq: EBAY) PayPal will acquire Xoom Corp. (Nasdaq: XOOM) for a premium of approximately $890 million in cash. Shares of eBay gained $1.12 to $61.55 while Xoom stock leaped $4.51 to $25.21.
PayPal to buy Xoom
July 02, 2015 at 13:54 PM EDT