eBay doubles down on payments as it buys Bill Me Later; Lays off 1,000
EBay on Monday revamped its corporate portfolio laying off 1,000 workers, or 10 percent of its workforce, and buying online payment company Bill Me Later as well as a Denmark classifieds company.The layoffs were largely expected, but the Bill Me Later purchase for $820 million in cash and $125 million in outstanding options is notable (statement).