TechTaffy

tech:

taffy

EBay To Acquire Braintree For $800 Million

By TechTaffy Desk

ebay_braintree

EBay has agreed to acquire online payment platform Braintree for roughly $800 million in cash.

Once the acquisition is completed, Braintree will continue to operate as a separate service within PayPal, under the continued leadership of Braintree CEO Bill Ready, who will report to PayPal President David Marcus. Braintree’s management team and employees are expected to stay in place.

The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close late in the fourth quarter of 2013.  

[Image courtesy: EBay]

Just in

Seed

Oso Semiconductor raises $5.2M

Oso Semiconductor has raised $5.2 million in seed funding. The round was led by Engine Ventures.
People

Battelle appoints Tim Ryan to board of directors

Battelle has elected Tim Ryan, Citi’s Head of Technology and Business Enablement, to its board of directors.
Around the web

OpenAI launches ChatGPT Gov for U.S. government agencies — CNBC

It’s called ChatGPT Gov and was built specifically for U.S. government use; writes Hayden Field. 
Around the web

DeepSeek’s popular AI app is explicitly sending US data to China — Wired

Users have already reported several examples of DeepSeek censoring content that is critical of China or its policies, writes Matt Burgess and Lily Hay Newman. 
Around the web

DeepSeek hit with large-scale cyberattack, says it’s limiting registrations — CNBC

DeepSeek on Monday said it would temporarily limit user registrations “due to large-scale malicious attacks” on its services; writes Hayden Field.