PayPal Acquires Braintree for $800M
Boy, everyone is so negative about the purchase on here! Braintree's customer base is far too large at this point for PayPal to just shut it down; that would be terrible PR because Braintree is critical to many businesses at this point. It's also not that easy to just go rip out one processor for another on a huge legacy code base.PayPal would be making things worse for themselves if they did that and this purchase, is IMHO, an attempt to make things better for them and to bring them into the modern software world. I'm sure they also acquired Braintree for their engineers!