EBay will acquire mobile-payment provider Zong for $240M

07/7/2011 | Sun (Baltimore), The

EBay struck a deal to acquire Zong for about $240 million in cash, as part of a push to increase PayPal's presence in the mobile-payment arena. Zong is a leading player in mobile payment for digital and virtual goods, with access to 3.2 billion users in 45 countries.

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