Forbes – 8/19/15: In the months leading up to its split with eBay , PayPal made two significant acquisitions. The first was the $280 million it laid out for payments technology startup Paydiant, while the second came last month in the form of an $890 million all-cash deal for international money transfer company Xoom. Following its spin off from eBay, the San Jose, Calif.-based company is continuing its buying spree, announcing on Wednesday that it was purchasing Modest, a Chicago startup that builds mobile e-commerce applications for small businesses. PayPal did not disclose the terms of the agreement, which will see all 20 Modest employees join its Braintree subsidiary in Chicago.
Click here to read more: http://www.forbes.com/sites/ryanmac/2015/08/19/paypal-continues-acquisition-spree-buys-e-commerce-startup-led-by-obama-campaign-cto

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