eBay and Adyen Are More Than Payment Partners
When eBay (EBY) announced earlier this year that Dutch company Adyen was replacing PayPal (PYPL) as its primary payments processor, something was not discussed: the investment relationship between the companies. In Adyen’s IPO prospectus, it revealed that eBay had offered warrants that could see it end up with a stake of up to 5.0% in Adyen.