PayPal Makes Its Biggest Acquisition Yet
PayPal (NASDAQ: PYPL) announced on Wednesday that it will acquire discount discovery platform Honey Science Corporation in a deal valued at $4 billion -- PayPal's biggest acquisition to date. Honey developed a browser add-on and mobile app that help consumers find discounts while providing a host of other money-saving tools.
Honey is best known for its popular discount-finding tool, but has expanded to offer a suite of products and services, including a mobile shopping assistant, an offers and rewards program, and price-tracking tools and alerts. The company boasts approximately 17 million monthly active users, and PayPal said Honey helped millions of people find more than $1 billion in savings in the past year alone.
By adding Honey to its toolbox, PayPal will be able to join consumers on their shopping journey much sooner -- even before they get to the checkout line.
Source Fool.com
