Q&A: Bill Me Later’s Gary Marino on surviving eight years before a (nearly) billion-dollar exit
Bill Me Later went through a few near-death experiences as a start-up in the payment services industry. The company had to revise its business plan before it figured out its real service: performing instant credit checks on Internet users so that they can buy goods online without using a credit card. When someone wants to buy something, Bill Me Later runs a credit check on them. If they are running up bills or they owe… Continue Reading
eBay buys three companies for $1.35 billion, lays off 1,000
eBay is a buyer this morning. The company announced that it will buy Bill Me Later for $945 million. As if that weren’t enough, eBay will also acquire both Danish classifieds specialist Den Bla Avis and Danish vehicle site BilBasen for approximately $390 million in cash.
But the San Jose, Calif.-based eBay also laid off 1,000 people, or 10 percent of its employees, and said that revenues in the third quarter were lower than expected.
eBay’s cutbacks… Continue Reading