eBay acquires online payment site BillMeLater, classifieds site dba.dk, vehicles site BilBasen

eBay has acquired online payments business Bill Me Later for $820 million in cash and $125 million in outstanding options. The company has also acquired Denmark-based online classifieds site dba.dk and vehicles site bilbasen.dk for $390 million in cash.

“We are making aggressive moves to strengthen our leadership positions in e-commerce and payments to competitively position our company for long-term growth,” John Donahoe, president and chief executive officer, eBay, has said.

“Bill Me Later is a perfect complement to our portfolio, a company that belongs with PayPal. Together, PayPal and Bill Me Later will make online payments safer, easier and more convenient than ever,” John Donahoe has said, adding, “Our classifieds acquisition gives us another market leadership position in Europe for this rapidly growing part of our portfolio.”