The Traderszone Network

Published in TZ Latest News 1 July, 2015 by The TZ Newswire Staff

PayPal to buy digital money transfer provider Xoom

The offer price of $25 per share in cash represents a premium of about 21 percent to Xoom’s Wednesday closing price of $20.70. Xoom shares were trading around the offer price in extended trading. “Expanding into international money transfer and remittances aligns with our strategic vision to democratize the movement and management of money,” PayPal President Dan Schulman said.