Ebay purchases Braintree for $800M

By this acquisition Ebay not only strengthens its position on the market, but also eliminates a competitor, considers analyst of RBC Capital Markets Mark Mahaney.
At the moment there are about 180 people working in Braintree. The service provides solutions for online-sellers, provides work of payment channels, possesses own billing system and creadit cards storage. Nowadays the platform Braintree uses service of online-reservation Airbnb and restaurant service OpenTable.
According to terms of the agreement, Braintree will save its platform as independent direction inside the Paypal system, and will save its management system.
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