Google’s cloud close to winning PayPal business: Report

By: | Published: August 30, 2016 9:45 PM

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.

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

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.

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