PayPal Finalizes Buy of Xoom

PayPal completed its buy of electronic money transfer service Xoom, PayPal said in a news release Thursday. Under the terms of the acquisition announced in early July, PayPal bought all shares of Xoom for $25 in cash per share, it said. Xoom CEO John Kunze will continue to lead the company, which will operate as a separate service within PayPal, and will join PayPal's executive staff, PayPal said.