Elon Musk - Selling PayPal

Time: Oct, 2002

Place: California, United States

Details: In October 2002, PayPal was acquired by eBay for US$1.5 billion in stock, of which Musk received US$165 million. Before its sale, Musk, who was the company's largest shareholder, owned 11.7% of PayPal's shares.

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