(REUTERS)    Ebay buys Wells Fargo stake in Billpoint for $43.5 mln
Ebay buys Wells Fargo stake in Billpoint for $43.5 mln
 
    SAN JOSE, Calif., Feb 21 (Reuters) - Online auction web
site eBay Inc. <EBAY.O> on Thursday said it has repurchased
Wells Fargo & Company's <WFC.N> stake in Billpoint, eBay's
payment subsidiary, for $43.5 million.
    Wells Fargo will continue to support eBay Payments by
Billpoint through its payment processing and risk management
services, the companies said in a joint statement.
   EBay and Wells Fargo formed a strategic relationship in
March of 2000 to provide eBay customers with the online payment
service, the companies said. At the time, Wells Fargo acquired
a 35 percent equity stake in Billpoint, they said.
    ((Caroline Humer, New York Technology desk, 1 646 223-6181,
caroline.humer@reuters.com))
 
 
 REUTERS
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