XOOM SHAREHOLDER ALERT: Johnson & Weaver, LLP Launches an Investigation into the Proposed Sale of Xoom Corporation and Encourages Investors to Contact the Firm for Additional Information

SAN DIEGO--(BUSINESS WIRE)--

Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Xoom Corporation XOOM breached their fiduciary duties in connection with the proposed sale of the Company to PayPal, Inc.

Additional Information:

Xoom provides digital consumer-to-consumer online money transfer services worldwide.

On July 1, 2015, Xoom announced it had signed a definitive merger agreement with PayPal. Under the terms of the agreement, PayPal will acquire all outstanding shares of Xoom for $25 per share in cash.

The investigation concerns whether Xoom's board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Xoom's shares of common stock.

Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration, especially given the following:

• Xoom's promise of future growth.
• One Wall Street analyst has a $32.00 price target on the stock, which is far more than the $25.00 offer price.
• Xoom has a strong balance sheet with over $5.00 a share in cash.
• Last year the stock traded as high as $28.20.

If you are a shareholder of Xoom and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

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