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EBay buys Bill Me Later for $945 million

Baltimore Sun, by Jamie Smith Hopkins

Online auctioneer eBay Inc. said today that it is buying Timonium-based Bill Me Later Inc. for $945 million in cash and outstanding options.

Bill Me Later lets customers pay later for items purchased through hundreds of online retailers, including Amazon.com and Walmart.com, without entering credit-card information. The company covers the cost of the sale and is repaid by the shopper.

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