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eBay and PayPal Merger Cleared
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Posted by: TotalRecall
C|Net has news that the DOJ has cleared the proposed deal between eBay and PayPal, after shareholders
eBay's acquisition of PayPal cleared a regulatory hurdle Monday as the U.S. Department of Justice ended its scrutiny of the deal.
The Justice Department has closed its investigation into the acquisition, department spokeswoman Gina Talamona said. She declined to say whether the department made a second request for information from the companies before ending the investigation.
But eBay and PayPal said on Tuesday that they had not received any formal request from the Justice Department for additional information.
Shareholders are still questioning the deal, with many creating lawsuits. Read more here.
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