PayPal Acquires Zong

Announced October 15, 2011 — $240M

What happened

Zong provided a mobile payments service that let users pay by charging purchases to their phone bill.

PayPal's acquisition history

5th of 27 tracked deals

Disclosed prices

15 of 27 PayPal deals

PayPal's average disclosed price

$879.9M

PayPal's largest disclosed deal

Honey ($4B)

Tracked acquisitions in 2011

117 across all acquirers

PayPal in Mobile carrier billing payments

1 acquisition

When did PayPal acquire Zong?

PayPal acquired Zong on October 15, 2011. This was PayPal's 5th publicly tracked acquisition out of 27 we have on record.

How much did PayPal pay for Zong?

PayPal paid $240M for Zong.

What does Zong do?

Zong provided a mobile payments service that let users pay by charging purchases to their phone bill.

What other Mobile carrier billing payments companies has PayPal acquired?

Zong is PayPal's only publicly tracked acquisition in Mobile carrier billing payments so far.