EBay Inc. today confirmed its agreement to acquire Chicago-based Braintree Payment Solutions LLC for $800 million in cash. The acquisition stands to accelerate PayPal’s revenue growth from smartphone and tablet users, The Wall Street Journal reports.
Braintree raised a total of $70 million from investors, most recently a $35 million Series B round last October. New Enterprise Associates led that round, joined by Series A investors Accel Partners, Greycroft Partners and RRE Ventures.
