"Small businesses are the engine of the global economy and we are continuing to expand our platform to help them compete and win online, in-store and via mobile", PayPal chief executive Dan Schulman said in a release.
iZettle was founded in 2010 with an aim to offer plethora of affordable financial services like point-of-sales and partner application to small businesses.
The iZettle platform for handling retail transactions is used by almost a half million merchants, according to PayPal.
After the deal closes, PayPal will gain a presence in stores located in 11 new markets: Brazil, Denmark, Finland, France, Germany, Italy, Mexico, Netherlands, Norway, Spain and Sweden.
Being the biggest ever acquisition for Paypal, the payment giant is obviously taking a huge bet by acquiring the Stockholm headquarter startup.
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Or the Kings could trade down in similar fashion to what Boston did last season and nab additional picks or assets in the process. Drummond, only 24 now, is still developing, but has led the league in rebounding twice and was chosen for two All-Star teams.
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They had also said the investigation into the shooting is not finished and the information could further traumatise the community. From there, she texted her sister-in-law who was watching her kids: "OMG, there's tons of gunshots and people dead everywhere".
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The bus was left on the median of the highway with its front end torn off, and the dump truck was left with a mangled front end. The school bus was on its side on the median of Interstate 80 in Mount Olive with its front end sheared off.
PayPal was up 1.7% to 79.20 on the stock market today.
"Combining our assets and expertise with a global industry leader like PayPal allows us to deliver even more value to small businesses to help them succeed in a world of giants", said iZettle CEO Jacob de Geer.
iZettle expects to earn revenue of roughly $165 million in 2018 and process about $6 billion worth of transactions on its platform, according to a press release from the two companies. The company went public at 21.50 in January, reached 38 on March 23 and has since dropped out of the IBD 50.
The deal will be PayPal's biggest purchase to date, gatecrashing plans by iZettle to float on the Nasdaq Stockholm in what would have been Europe's largest fintech IPO. The deal will be an all-cash deal and is expected to be closed by third quarter of the current financial year.