eBay announced today that it has agreed to acquire Zong for approximately $ 240 million in cash.
Zong leverages connections with more than 250 mobile network operators around the world, offering localized, secure and easy-to-use payments capabilities for digital goods and services in 21 languages and 45 countries. Combined with PayPal’s leading global payment platform serving 100 million active accounts worldwide, the company expects that Zong will add complementary technology and talent that help strengthen PayPal’s leadership position in mobile payments and digital goods.
Commentary from Scott Thompson (PayPal President), David Marcus (Zong CEO), and TechCrunch.
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