PayPal is investing $750M in LatAm e-commerce giant MercadoLibre. We break down what this investment means for the broader market and regional competitors.
Latin American e-commerce and payments giant MercadoLibre, a publicly traded company, recently announced that it was raising $1.85B in a three-part equity offering: (1) $1B in common stock, (2) a $750M private investment from PayPal, and (3) another $100M in convertible preferred stock from Dragoneer Investment Group.
3 big takeaways
