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MarketScreener Homepage  >  Equities  >  Nasdaq  >  PayPal Holdings    PYPL

PAYPAL HOLDINGS (PYPL)
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PayPal : Britain orders in-depth review of PayPal-iZettle deal

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12/05/2018 | 03:41pm CET
FILE PHOTO:  Logo of iZettle company is pictured in the headquarters in Stockholm

(Reuters) - Britain's competition watchdog on Wednesday ordered an in-depth investigation of PayPal Holdings Inc $2.2 billion (1.73 billion pounds) takeover of Swedish financial technology startup iZettle, saying the U.S. group had not done enough to address its concerns.

The Competition and Markets Authority (CMA) said, PayPal had not resolved concerns about how the deal, PayPal's biggest ever, could hurt competition and lead to higher prices, or a lower quality service, for customers in the UK mobile payments market.

The regulator has also flagged concerns the merger could damage competition in the emerging market for "omni-channel" payment services, or single payment processing platforms that can work across all sales channels and devices.

PayPal is working with the CMA and is committed to demonstrating the market is, and will remain, competitive, a company spokesman said.

The acquisition, which would allow the U.S. payments processor to expand into the retail payment terminals business in international markets, closed in September.

The deal will now be examined by a CMA-appointed inquiry body, with a final decision due by May 21, the CMA said.

PayPal feels the chances of getting the merger cleared by the inquiry panel are "very good", a source familiar with the matter said.

Founded in 2010, iZettle is one of the largest fintech start-ups to emerge from Europe, and one of a string of successful venture-backed companies to emerge from Sweden in the past decade or more.

(Reporting by Shashwat Awasthi and Noor Zainab Hussain in Bengaluru; Editing by Bernard Orr and Mark Potter)

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Financials ($)
Sales 2018 15 465 M
EBIT 2018 3 390 M
Net income 2018 2 050 M
Finance 2018 7 519 M
Yield 2018 -
P/E ratio 2018 50,51
P/E ratio 2019 42,23
EV / Sales 2018 6,19x
EV / Sales 2019 5,12x
Capitalization 103 B
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Technical analysis trends PAYPAL HOLDINGS
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 98,2 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Daniel H. Schulman President, Chief Executive Officer & Director
John J. Donahoe Chairman
William J. Ready Chief Operating Officer & Executive Vice President
John D. Rainey CFO & EVP-Global Customer Operations
Sri Shivananda Chief Technology Officer & Senior Vice President
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AVAST0.00%3 194
MIMECAST LTD23.20%2 121