I got this info this morning from a source, make sense of it at your own:
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I knew that would happen eventually. eBay was forced to buy PayPal because it was the default payment vehicle for their auctions. They had no choice. Peter's whole business model wasn't to process transactions, it was to reach critical mass on eBay such that they would have to be purchased. It was always an Go Public get Acquired exit strategy for that group.
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