PayPal Closes Its Largest Acquisition—iZettle
PayPal (PYPL) has completed the acquisition of iZettle. In May, PayPal announced a deal to buy iZettle, saying it would spend about $2.2 billion toward that transaction. At $2.2 billion, iZettle is PayPal’s largest acquisition and one that helps PayPal expand in the lucrative POS (point of sale) payments market.