PayPal agrees to buy iZettle for $2.2bn
Digital payments giant PayPal is to swallow up Swedish financial technology start-up iZetttle for $ 2.2bn (£1.6bn). The announcement came after Sky News revealed that the two companies were in advanced talks.It marks the largest ever acquisition by California-based PayPal, which was spun out of eBay in 2015.The price being paid by PayPal - itself valued at more than $ 90bn (£66bn) - is double the valuation that iZettle was reported to be seeking from a listing on Nasdaq Stockholm.iZettle is best known for offering small businesses a mini credit card reader that can turn smartphones and tablets into payment registers.It has a presence in 11 countries including Brazil and Mexico as well as across Europe - with its brand increasingly familiar in British coffee shops...