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eBay Spends $370 million for PayPal Rival

eBay plans to pay $370 million for an online payments service operated by VeriSign, as part of a broader agreement between the two companies. eBay sees the service as a way to expand its own PayPal transactions division to a new category of small- and medium-size business customers.

Read the whole story at Cnet, October 10, 2005 »

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