IFLR1000

PayPal $890 million acquisition of Xoom

12/11/2015
Public acquisition
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$ 890 million

Completed

12/11/2015

Overview:

  • PayPal has completed its $890 million acquisition of fellow digital money transfer provider Xoom.
  • JP Morgan Securities acted as financial adviser to PayPal and Qatalyst Partners acted for Xoom. 
  • The deal was first announced in July 2015. 

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sectors:

Financial services
Technology and telecommunications

Firms:
Goodwin Procter

Party: Xoom (Target)

Lawyers: Andrew Goodman, Anthony McCusker, Stuart Cable

Sidley Austin

Party: PayPal (Acquirer)

Lawyers: Gary Gerstman, Michael Heinz, Sharon Flanagan

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