The price being paid by PayPal - itself valued at more than $90bn (£66bn) - is double the valuation that iZettle was reported to be seeking from a listing on Nasdaq Stockholm.
PayPal announced that it is buying European Square competitor iZettle last night, in a deal worth $2.2 billion.
US Surgeon General helps passenger with medical emergency on flight to Jackson
Flight staff called for help, and Adams, along with two nurses, stepped in to help evaluate the passenger. Delta also responded to the tweet thanking Adams for volunteering to step in during the scary situation.
PayPal is typically strong in the online arena, particularly on eBay (which used to own the company), and the deal with iZettle will strengthen its presence in bricks-and-mortar establishments, particularly in Europe.
"The combination of PayPal and iZettle brings together iZettle's in-store expertise, digital marketing strength and mobile point-of-sale technology with PayPal's global scale, online and mobile payments leadership and trusted brand reputation to support merchants and consumers in more ways", Schulman added.
Guatemala moves Israel embassy to Jerusalem, 2 days after US
Paraguay is expected to follow the U.S and Guatemala's lead, and plans to relocate their embassy to Jerusalem in the coming weeks. Guatemala, the second country to recognise Israel as a state in 1948, has had a long history of military cooperation with Israel.
De Geer will continue to lead iZettle, reporting to PayPal's COO Bill Ready, and will be joined by the rest of the iZettle management team. Prior to this deal, PayPal's biggest acquisition was the $890m purchase of Xoom in 2015. The chip-card reader and its app for smartphone-based mobile commerce meet global security standards. iZettle's service is available in 12 countries which includes United Kingdom, Finland, Denmark, Germany, Italy, Netherlands, Spain, Italy, Germany, and Brazil, among others.
In the UK, FTSE 100 payments group Worldpay was acquired a year ago by America's Vantiv.
The acquisition, despite the amount being made, can help PayPal very much, since the company would be able to expand its access to countries in Europe as well as Latin American countries.
David Tepper buys Carolina Panthers for NFL-record US$2.2 bn
In addition, as Ozanian notes, Tepper will be making money after he sells his 5 percent stake in the Pittsburgh Steelers . Here's guessing someone will purchase those shares since an National Football League team just went for $2. 2 billion .