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I disagree. It was a good move from a business growing standpoint in that owning Pay Pal broadens their horizons but I think they overpaid. E-Bay has one of the most rock solid names in internet biz. Not to mention they also have one of the most recognizable names too. All E-Bay really had to do was revamp Billpoint and cross brand it with the E-Bay reputation and they could have created a huge competitor in no time for less than 100 mil. A couple of Pay Pals marketing guys could have done that for them.
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