PayPal buys deal-finding service Honey for $4 billion

PayPal has agreed to pay $4 billion to acquire Honey Science Corporation, which is best-known for its reward and deal-finding service and browser add-on. The acquisition still needs the usual regulatory approval, but the transaction is expected to be completed in the first quarter of 2020. The company says that the purchase "will transform the shopping experience for PayPal's consumers while increasing sales and customer engagement for its merchants". As part of the deal, Honey will remain headquartered in Los Angeles, and it will continue to be led by co-founders George Ruan and Ryan Hudson as part of PayPal's global… [Continue Reading]