Bulletin
Investor Alert

Market Pulse Archives

Feb. 14, 2017, 4:41 p.m. EST

PayPal to buy Canada-based TIO Networks for $233 mln

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    PayPal Holdings Inc. (PYPL)
  • X
    TIO Networks Corp. (TNCGF)

or Cancel Already have a watchlist? Log In

By Sue Chang

PayPal Holdings Inc. /quotes/zigman/54335841/composite PYPL +0.51% plans to buy Canadian cloud-based payment processing firm TIO Networks Corp. /quotes/zigman/414805/delayed TNCGF -0.06% for $2.56 a share in a deal valued at $233 million, PayPal said late Tuesday. The price represents a premium of 25.2% over TIO's 90-day volume-weighted average price as of Monday. The San Jose, Calif.-based company plans to finance the purchase with cash on its balance sheets and its 2017 outlook won't be impacted by the transaction. PayPal shares were off 0.4% after hours.

/quotes/zigman/54335841/composite
US : U.S.: Nasdaq
$ 51.19
+0.26 +0.51%
Volume: 4.69M
May 26, 2017 4:00p
P/E Ratio
43.38
Dividend Yield
N/A
Market Cap
$61.49 billion
Rev. per Employee
$617,182
loading...
/quotes/zigman/414805/delayed
US : U.S.: OTC
$ 2.45
-0.0014 -0.06%
Volume: 350.00
May 26, 2017 5:20p
P/E Ratio
53.48
Dividend Yield
N/A
Market Cap
$218.40 million
Rev. per Employee
$427,713
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

World News from MarketWatch

Link to MarketWatch's Slice.