$1.5bn? That price is so 1990s...
Published: 8 July 2002 14:55 GMT
Auction site eBay is buying online payment firm PayPal for $1.5bn in stock.
The PayPal deal will provide eBay's customers with the facility to send and receive internet payments securely and cheaply, according to the auction site.
The all-share deal will see 0.39 eBay shares exchanged for each PayPal share.
The deal is still awaiting government and regulator approval.
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