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As of this week, we’ve officially jumped through all the hoops and completed the many steps that go into closing a major corporate acquisition. So today I’m thrilled to announce that Braintree has officially joined PayPal in our quest to transform the payment industry through groundbreaking innovation that will change the future of money.
Given what’s going on in the industry as we head into 2014, this is an ideal moment to combine the resources of our two great companies. Without question, we’re entering a period of far-reaching disruption that will revolutionize money. We believe that most of this disruption will be driven by innovative payment technologies that make shopping experiences meaningfully faster, easier, more fun, and more personal for consumers, and significantly more valuable for merchants.
Separately, PayPal and Braintree have been at the forefront of a wave of advances that have fueled big changes in how people shopped during the last 12 to 18 months. Together, we believe we offer a combination of scale, experience, business insight and technology talent that positions us to create unprecedented opportunities to accelerate innovation in the months and years ahead.
