The Economist reports on the eBay/PayPal deal.
The real surprise is that it took so long. For months, rumours had been circulating on Wall Street that eBay, the leading online-auction service, would buy PayPal, the dominant provider of Internet payments. When the takeover was finally announced on July 8th the terms, too, were much as expected.
The article also contains a rumor about Google potentially being acquired by Yahoo.