Nov 21, 2019
PayPal makes huge bet on deal-hungry shoppers
The purchase of Honey Science Corp. for about $4 billion will provide customer behavior insights earlier in the shopping process.
The PayPal headquarters in San Jose, California, in 2018.
Justin Sullivan/Getty Images
PayPal announced its largest yet acquisition on Wednesday, a planned purchase of Honey Science Corp. for about $4 billion. Honey makes an app and web browser extensions to help customers shop for better deals online. That also helps Honey gather data about how people shop. Honey says it has more than 17 million members worldwide, and for PayPal, the purchase will provide insights into customer behavior earlier in the shopping process.
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