M&A Deal Summary

PayPal Acquires Honey Science

On November 20, 2019, PayPal acquired internet software and services company Honey Science for 4.0B USD

Acquisition Highlights
  • This is PayPal’s 9th transaction in the Internet Software and Services sector.
  • This is PayPal’s largest (disclosed) transaction.
  • This is PayPal’s 14th transaction in the United States.
  • This is PayPal’s 9th transaction in California.

M&A Deal Summary
Date 2019-11-20
Target Honey Science
Sector Internet Software and Services
Buyer(s) PayPal
Deal Type Add-on Acquisition
Deal Value 4.0B USD
Advisor(s) Qatalyst Partners LP (Financial)
Latham & Watkins (Legal)

Target

Honey Science

Los Angeles, California, United States
website
Honey Science Corp. is a tech company building tools to help people save time and money when shopping online. From notifying you when a price drops, to showing you the lowest prices available, Honey provides you with the information that you need to make the best decisions with your money. Honey Science Corp. was founded in 2012 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

PayPal

San Jose, California, United States

website

Category Company
Founded 1998
Sector Financial Services
Employees26,500
Revenue 21.5B USD (2020)
DESCRIPTION
Entrance to PayPal's corporate headquarters in San Jose, California.
Entrance to PayPal's corporate headquarters in San Jose, California.

PayPal enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. The Company's network builds on the existing financial infrastructure of bank accounts and credit cards to create a global payment system and delivers a product well suited for small businesses, online merchants, individuals and others underserved by traditional payment mechanisms. PayPal was founded in 1998 and is based in San Jose, California.

DEAL STATS #
Overall 18 of 21
Sector (Internet Software and Services) 9 of 10
Type (Add-on Acquisition) 18 of 20
State (California) 9 of 9
Country (United States) 14 of 14
Year (2019) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-21 Simility

Palo Alto, California, United States

Simility, Inc. is a fraud prevention and risk management platform. Simility offers real-time risk and fraud decisioning solutions to protect global digital businesses. Simility's offerings are underpinned by the Adaptive Decisioning Platform built with a data-first approach to deliver continuous risk assurance. Simility, Inc. was founded in 2014 and is based in Palo Alto, California.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Curv

Tel-Aviv, Israel

Curv is a global trusted provider of digital asset security technology that is delivered as a fully scalable, enterprise-grade and compliant cloud service. Curv's multi-party computation (MPC) technology simultaneously provides institutions the protection, instant availability and total autonomy over digital assets required to thrive in the digital economy.

Buy $200M
Mergr

Product

Company

Legal