It was announced this morning that eBay has agreed to acquire Zong and Scott Thompson, President of PayPal, just posted to the PayPal Blog about the news…

Today we announced that eBay has agreed to acquire Zong for approximately $240 million. Zong is one of the leading providers of payments through mobile carrier billing, with connections with more than 250 mobile carriers in 45 countries. Upon closing of the transaction, Zong will eventually become part of PayPal.

PayPal has 100 million active accounts; millions of people who have already trusted us to provide their digital wallets. And Zong’s expertise in carrier billing means that it has the potential to reach the more than 4 billion people around the world who have mobile phones – including people who don’t have (or choose not to use) bank accounts or credit cards online. By combining Zong and PayPal, we believe we can offer more services to more customers, ultimately bringing even more value to how people pay and get paid.

You can read more about it on the Zong blog too.

Cheers,
RBH