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EBay Acquiring VeriSign Processing for $370 Million

Posted by ScuttleMonkey on Monday October 10, 2005 @08:02PM from the spending-money-to-justify-spending-more dept.

Forum124 was one of the first in a wave of readers to tell us that eBay is acquiring VeriSign's payment processing business for US$370 million. VeriSign will be merged with PayPal and is estimated to generate a 20 percent operating margin which eBay hopes to help offset the recently reported high purchase price of Skype.

4 of 123 comments (clear)

Uh-oh by iamdrscience · 2005-10-10 20:06 · Score: 5, Funny

Great, all they need to do now is buy Amazon and they'll own half the internet.
Re:Trust? by Anonymous Coward · 2005-10-10 20:10 · Score: 5, Funny

Please wait while we process your credit ca^^439 Ba ding ding ding bwaaaaaaaaaaaaaap bwaaaaaaaaaaaaaap boom bom ding ding ding...
Re:RTFA - EBay not acquiring VeriSign by stevey · 2005-10-10 22:01 · Score: 5, Funny

Shame I was looking forward to the browser updates:
Do you trust this certificate?
"A++++ excellent certificate, would do secure business with it again!!! "
eBay must have lots of experience with this by gringer · 2005-10-10 22:04 · Score: 4, Funny

eBay you say?

I wonder how many bidders there were in the auction...

CLOSING SOON! Payment processing division of an ENORMOUS leading software company.

Current Bid: US $30,000 (Reserve not met)

Buy It Now price: US $370,000,000
Condition: very good condition
Item Location: Mountain View, CA 94043
Ships to: USA only
Shipping costs: ChUS $39.00 - US Postal Service Priority Mail (within United States)

Please check out my other divisions at http://www.verisign.com/verisign-inc/index.html

--
Ask me about repetitive DNA