Xoom, an online and mobile money transfer and bill payment provider, will be acquired by PayPal for $890 million in cash in a transaction expected to close in the fourth quarter of 2015 or the first quarter of 2016. The acquisition has been approved by the boards of directors of both companies as well as by the private equity investors that hold approximately 18% of Xoom’s outstanding shares. PayPal will pay a premium of 32% over Xoom’s three-month volume-weighted average stock price. Xoom’s 1.3 million active customers sent approximately $7.00 billion over the company’s proprietary...