eBay Purchases PayPall for $1.5 billion

PayPal was bought by eBay for $1.5 billion in 2002. Scott Thompson joined PayPal in 2005 and became president.
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( HANDOUT / Reuters Photo / January 4, 2012 )

PayPal was bought by eBay for $1.5 billion in 2002. Scott Thompson joined PayPal in 2005 and became president.

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