PayPal to buy Fraud Sciences

NEW YORK (Reuters) - PayPal, a unit of online auctioneer eBay, said on Monday that it would acquire Israel's Fraud Sciences Ltd in an all-cash deal worth about $169 million.

Fraud Sciences' risk tools and analytics are likely to enhance eBay and PayPal's fraud management systems, the companies said in a statement.

The companies said they expected the deal to close within 30 days. EBay does not expect the acquisition to have a material impact on its 2008 financial outlook.

(Reporting by Euan Rocha; Editing by Lisa Von Ahn)