The deal, announced today, will naturally include Braintree’s payment app Venmo and the business will continue to operate as a separate service under eBay’s ownership. Following completion of the purchase, current Braintree CEO, Bill Ready, will report to PayPal President David Marcus and the rest of the management and employees are also expected to be kept on.
So. Much. Tech.
Some of the biggest names in tech are coming to TNW Conference in Amsterdam this May.
➤ eBay Inc. to Acquire Global Payments Innovator Braintree [Business Wire]