PayPal Will Buy Honey Science For $4B

PayPal Holdings Inc. PYPL is acquiring Honey Science Corp for $4 billion.

Honey Science Corp was founded in 2012 and is headquartered in Los Angeles. Honey helps people automatically find online coupons and discounts while they shop online.

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Perella Weinberg Partners LP was the financial adviser to PayPal, and Skadden, Arps, Slate, Meagher & Flom LLP was its legal adviser.

PayPal shares were down 1.14% at $102.90 at the time of publication. The stock has a 52-week range between $121.48 and $75.47.