Online payments company PayPal Holdings Inc plans to invest $500 million in Uber...
FILE PHOTO: A pedestrian walks past the PayPal logo at an office building in Berlin, Germany, March 5, 2019. REUTERS/Fabrizio Bensch
PayPal will invest in Uber through a concurrent private placement at the IPO price, IFR reported on Thursday, citing sources. Superapps are applications where customers go for a range of services, such as transportation, shopping and payments. Such companies can be much more lucrative than those that offer just one core business or service.
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