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Why PayPal Is Acquiring iZettle, the ‘Square of Europe’

Why PayPal Is Acquiring iZettle, the ‘Square of Europe’

Digital payments giant Paypal (PYPL) announced on Thursday, May 17, that it agreed to buy European payments company iZettle for $2.2 billion. The acquisition would mark the company’s first big step into brick-and-mortar retail after dominating online payments for years. The acquisition would also be the biggest in PayPal’s history.