Leading global money transfer company MoneyGram (NYSE:MGI) and ecommerce payment company PayPal (NASDAQ:EBAY) enter a global agreement that will allow the latter’s 117 million account holders to put cash in and withdraw funds at MoneyGram outlets. According to the press release, “The new service options created through this agreement represent the first global solution for consumers who do not have or use a bank account or credit card to fund and maintain a PayPal account, giving them access to e-commerce.”
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Shares in leading independent mobile advertising and data platform, Millennial Media (NYSE:MM) and online restaurant reservation service, OpenTable (NASDAQ:OPEN) are responding positively to a report in Reuters that says Yahoo (NASDAQ:YHOO) may be considering them for acquisition as CEO Marissa Mayer turns the company’s focus back from media to technology.