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Thread: c2it party to end February, 23 rd
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Old Jan 23, 2003 | 5:33 pm
  #6  
dream7
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Join Date: Sep 2001
Posts: 700
Before Paypal's IPO, Citibank offered to merge c2it and Paypal in a 50-50 split, offering the standalone Paypal the benefit of Citibank's huge marketing muscle and brand name. Paypal's management laughed, pointing out to Citibank that they had a 95% market share in this business, compared to c2it.

I guess Paypal's management was correct in their assumption that they could succeed without Citibank.
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