PayPal giant payment online and auction system announces few days ago their plan to acquire Shopping.com. Acquisition will help it funnel more bidders to eBay auction. Google did not wait to announce a new online payment system..
London, United Kingdom, 06/19/2005 – eBay® with this possible acquisition will be at close competition with the commercial search engines giants Yahoo! and Google.
As the search-engine marketing business, which is expected to be worth more than $5bn this year Google did not wait too long and announced they will start a new online payment system later this year. Expanding into online payments might make Google giant online search engine less dependent on advertising.
About PayPal®
Founded in 1998, PayPal ®, an eBay Company, enables any individual or business with an email address to securely, easily and quickly send and receive payments online. PayPal's service builds on the existing financial infrastructure of bank accounts and credit cards and utilizes the world's most advanced proprietary fraud prevention systems to create a safe, global, real-time payment solution.
About Google
Google is the fastest and easiest way to find relevant information. Founded in 1998, Google develops innovative search technologies that connect people with the information they need to make better decisions. Google's business model is based on targeted advertising programs and corporate search solutions. A top 10 online property in nearly every major global market, Google is based in Mountain View, Calif. with offices in North America, Europe, and Asia.
