A definitive agreement was achieved by eBay Inc. with Bill Me Later(R), the number two online-oriented payments brand to acquire the company for approximately $820 million in cash and approximately $125 million worth of outstanding options, net of option exercise proceeds. With the acquisition eBay will extend its leadership and combine Bill Me Later with eBay's PayPal, the number one online-oriented payments brand. The deal will be likely completed by the end of the year.