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Bill Me Later Extends eBay?s Payments Reach to Top Web Retailers

(October 6, 2008) In praising online credit payment system Bill Me Later Inc. Monday morning, PayPal Inc. President Scott Thompson called Bill Me Later a “disruptive business� in the positive sense, and he credited PayPal for also being a disruptive payments player. And disruption of the status quo is quite possible with today’s announcement that PayPal parent company eBay Inc. will buy the 8-year-old Bill Me Later for $820 million in cash and another $125 million of outstanding options net of option exercise proceeds. Bill Me Later chief executive officer Gary Marino will now report to Thompson.

Blue Nile Teams With Bill Me Later

Seattle-based online diamonds and jewelry retailer Blue Nile said today that it has partnered with Bill Me Later, Inc. to offer delayed purchases of its products. Financial terms of the deal were not disclosed. According to the firms, Blue Nile will offer Bill Me Later's services to consumers, on purchases of $250 or more. Blue Nile said selecting Bill Me Later was a way to help its consumers finance its important purchases.

Bill Me Later Tops 1000 Online Stores, Catalogs and Travel Partners

TIMONIUM, Md.-September 17, 2008-As shoppers start planning for the holiday season, Bill Me Later, Inc. announces that the number of online stores, catalogs and travel partners offering their leading payments technology has exceeded the 1000 mark. The merchants in the network represent top-tier retail, airline and hotel brands offering tens of millions of products to Bill Me Later`s rapidly expanding consumer base.

Why Bill Me Later Said "Buy Me Today" To eBay

The timing of eBay’s $945 million purchase of electronic payments up-n-comer Bill Me Later is certainly interesting. After all, the outlook for e-commerce sales is looking more dour by the hour, and BML’s business model is based in part on volume. It’s also based on the cost of capital, which is critical since BML’s business is to finance purchases by online shoppers who prefer to hit the Bill Me Later icon found on many sites rather than give a credit card number.

eBay Acquires Bill Me Later

eBay Inc. (NASDAQ: EBAY) today announced that it has reached a definitive agreement to acquire Bill Me Later®, the number two online-oriented payments brand, for approximately $820 million in cash and approximately $125 million worth of outstanding options, net of option exercise proceeds. The acquisition extends the company’s leadership in payments by combining Bill Me Later with eBay’s PayPal, the number one online-oriented payments brand. Subject to various closing conditions, the deal is expected to be completed by year-end.

eBay's Bill Me Later a Bad Idea

Doesn't John Donahoe get it? Bill Me Later may increase sales but it will ultimately drive the last seller from eBay (EBAY) because allowing buyers to purchase wish list type items they can't afford without a short term extension of credit doesn't make sense.

Digital Millennium Copyright Act (DMCA), 10 Years Later, Scrutinized at Launch of 'Broadband Breakfast Club'

Digital Millennium Copyright Act (DMCA), 10 Years Later, Scrutinized at Launch of 'Broadband Breakfast Club'

Digital Millennium Copyright Act (DMCA), 10 Years Later, Scrutinized at Launch of 'Broadband Breakfast Club'

Digital Millennium Copyright Act (DMCA), 10 Years Later, Scrutinized at Launch of 'Broadband Breakfast Club'

Killzone 2 public beta "later this year," journo invites sent out by SCEE

VG247: Oh, good gravy! SCEE's sent out journalist invites to a Killzone 2 public beta this afternoon, which will apparently take place "later this year."

eBay Snaps Up Bill Me Later, Cuts 1000 Employees

As expected, eBay laid off 10 percent of its workforce, totaling about 1000 workers. But even as the company slims down for hard times, it found the capital to make two purchases: online payment company Bill Me Later, and a classifieds firm based in Denmark.

EBay Buys Payments Firm Bill Me Later and Danish Classifieds Sites

EBay has made new acquisitions in the classifieds and online payments areas. The firm picked up online payments firm Bill Me Later for $945 million in cash and options, and it bought Danish classifieds player Den Bla Avis (dba.dk) and BilBasen (bilbasen.dk) for $390 million cash.

Online jewelry retailer Blue Nile offers Bill Me Later payment option

Blue Nile has become the latest online retailer to offer Bill Me Later as a payment alternative to credit and debit cards. The service lets shoppers pay by online ACH debits from their bank accounts or by sending checks or money orders.

Plenty of Upside for eBay in Bill Me Later Deal, Experts Say

(October 8, 2008) Ebay Inc.’s $945 million acquisition of online payment processor Bill Me Later Inc., announced this week (Digital Transactions News, Oct. 6), places a powerful payment-generating tool in the online auctioneer’s hands and simultaneously denies that tool to competitors like Google Inc. and Amazon.com Inc., experts tell Digital Transactions News. And the deal comes at a time when alternative-payments products are poised to swipe an increasing share of online sales volume from network-branded cards, crimping more and more of the flow of interchange income banks earn from those cards, a report released this week says.

China's Shenzhou-7 mission is ready for launch later this month after a final check of the spacecraft, the rocket and the ground operation system on Tuesday morning.•

JIUQUAN, Gansu, Sept. 23 (Xinhua) -- China's Shenzhou-7 mission is ready for launch later this month after a final check of the spacecraft, the rocket and the ground operation system on Tuesday morning.

Granting Credit: Is eBay's Bill Me Later Part of the Solution or Part of the Problem?

On the same day the public markets are tanking because of the spreading credit crisis, we see one of the biggest M&A exits of the year with eBay acquiring Bill Me Later for $945 million ($820 million in cash, plus an extra $125 million in options). This is for a company that lets consumers defer payment when they buy things online. Remember, loose credit is part of the reason we are in the current economic mess.

64 Bit for Warhead via patch at a later stage

PCGH: Sven Metzger, Crytek Community Manager, wrote that the 64 Bit files were removed for the release. But Crytek would be working on it to deliver them at a later stage.

IBM to release Lotus iNotes for iPhone later this year

Lotus Notes: the office software everyone loves to hate. Despite the divisive feelings that Notes inspires, many large enterprises rely on Lotus Notes to access their e-mail, group calendars, and contacts. There are times when you need to be away from the office, so Lotus makes a web client called iNotes to access Notes info remotely. IBM is now planning to add an iPhone-optimized web client for Notes, called Lotus iNotes Ultralite, later this year.

SPANISH banking giant Santander yesterday said it had injected 1bn into its UK subsidiary Abbey National, and later in the day confirmed it was in advanced talks to acquire US-based Sovereign Bancorp.

SPANISH banking giant Santander yesterday said it had injected £1bn into its UK subsidiary Abbey National, and later in the day confirmed it was in advanced talks to acquire US-based Sovereign Bancorp.

Ponting would love to have Symonds back in Oz side "sooner rather than later"

Sydney, Sept 18: Australian Test captain Ricky Ponting has said that that his team-mate Andrew Symonds, who has not been picked up for the forthcoming India tour, was a terrific cricketer and that he would love to him back in his side "sooner than later".

Google Brings Transit Directions to Windows Mobile, Symbian/S60

Google's just added a new transit directions feature to Google Maps for mobile for the Windows Mobile (2005 or later) and Symbian/S60 (3rd edition or later) smartphone platforms. Made available for BlackBerry and Java-based handsets a few weeks ago, this feature allows you to request a route using only public transportation in over 50 cities. It is supposed to give you a number of different options to help you get where you want to go without driving yourself.

Google Brings Transit Directions to Windows Mobile, Symbian/S60

Google's just added a new transit directions feature to Google Maps for mobile for the Windows Mobile (2005 or later) and Symbian/S60 (3rd edition or later) smartphone platforms. Made available for BlackBerry and Java-based handsets a few weeks ago, this feature allows you to request a route using only public transportation in over 50 cities. It is supposed to give you a number of different options to help you get where you want to go without driving yourself.

Three Words That Could Overthrow Physics: ?What Is Magnetism??

When Pliny the Elder first beheld a magnet, he was utterly blown away. “What phenomenon is more astonishing?� he wrote later. “Where has nature shown greater audacity?� In the fifth century, St. Augustine of Hippo agreed, declaring himself “thunder­struck� by the sight of a magnet lifting several metal rings. Magnets, he announced, were proof that miracles were real and that God, therefore, existed. “Who would not be amazed,� Augustine marveled, “at this virtue of the stone?� Certainly the 4-year-old Albert Einstein was amazed. When his father showed him a compass, it was young Albert’s first clue, he later wrote, that there was “something behind things, something deeply hidden,� and he spent his life trying to find it.

Shiny New Mandriva Linux 2009 Walkthrough and First Impressions

"Yesterday, I downloaded the KDE Live CD edition (mandriva-one-2009-KDE4-int-cdrom-i586.iso). When the download was done a few hours later, I was excited-enough to immediately test-drive it via VMWare Server that was installed on my Xubuntu desktop. So what makes Mandriva 2009 so special? What’s not to like about it? Here’s a little walkthrough, plus later on my initial impressions."

The Console Wars: Why They Have Just Begun

GotGame’s Tim Bavlnka writes: "With the release of the Xbox 360 in November of 2006, Microsoft had a full year to gain a majority of the market share, and did so with the release of great game exclusives, and a reasonably affordable next-gen console. A year later, the Wii and the PS3 were released, and while two years later, the PS3 sales have been somewhat sluggish, losing Sony $3 billion dollars. When Metal Gear Solid 4 came out, the PS3 definitely picked itself up by its bootstraps and began to sell competitively…two years too late."

Be Part of the 2008 Presidential Youth Debate

We participated in this project back in 2004. This year it's hosted by Walden University, and the format is a little less cumbersome than it was four years ago. So go ahead, ask some questions you'd like to see McCain and Obama answer, and they'll go into the pot along with questions submitted through other channels. Later this week you'll have a chance to help moderate the final questions chosen from all sources, and on October 20 you'll be able to see video responses from the two major party candidates. Please limit to yourself to one question per post, and note that questions must be posted no later than 4 p.m. US EDT on Monday, September 29, to be considered.

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