Wednesday, December 12, 2007

Amazon.com Makes Investment In Bill Me Later

Seattle-based Amazon.com said Tuesday that it has taken an equity stake in Bill Me Later, a provider of payment technology, as part of an effort to include Bill Me Later's services on its web site. Financial terms fo the investment were not disclosed. According to Amazon, the transaction is expected to close in Q1 of 2008. Bill Me Later provides a way for people to purchase items online without a credit card.