eBay Inc. announced that PayPal has agreed to acquire Fraud Sciences Ltd., a privately-held Israeli company with expertise in online risk tools, in a cash transaction with an aggregate transaction value of approximately $169 million. Fraud Sciences’ risk tools and analytics are expected to enhance eBay and PayPal’s proprietary fraud management systems and accelerate the development of next generation fraud detection tools.
The acquisition fits into eBay’s recently announced plans to significantly improve trust and safety across its sites in 2008.
Originally posted on January 28, 2008 @ 6:50 am