Google's cloud close to winning PayPal business - CNBC

08/30/2016 10:45

Aug 30 (Reuters) - Alphabet Inc's Google is close to winning PayPal Holdings Inc as a client for its cloud business, CNBC reported on Tuesday, citing people familiar with the matter.

While Google is the front-runner, the online payments processor is evaluating other providers and hasn't made any decision, CNBC reported on Tuesday. (http://cnb.cx/2bGbowT)

Google has been trying to beef up its presence in cloud computing, a market dominated by Amazon.com Inc and Microsoft Corp.

Google and PayPal could not be immediately reached for comment. (Reporting by Rishika Sadam in Bengaluru; Editing by Saumyadeb Chakrabarty)

08/30/2016 10:45

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