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EBay Acquiring VeriSign Processing for $370 Million

Posted by ScuttleMonkey on 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.

2 of 123 comments (clear)

  1. Re:Before anyone else says it before anyone else.. by mar1no · · Score: -1, Redundant

    Well I don't know what you're getting all worked up over, but I for one welcome our new eBay overlords.

    --
    "you sonofabitch i didn't know!"
  2. Re:Uh-oh by Anonymous Coward · · Score: -1, Redundant

    and I for one welcome our new electronic marketplace overlords...