Posted October 11, 2005 5:06 pm by with 0 comments

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According to MarketWatch

The two companies late Monday announced an agreement under which the online auction company will pay $370 million in cash, stock or both for VeriSign’s business that processes debit card and credit card transactions for small and midsize online merchants. The business will be part of PayPal, which will integrate it with its merchant services business. The deal is expected to close in the current quarter.