Payments company Square has just announced it is buying the Australian installment plan service Afterpay for $29 billion, the company has reported on Twitter.
Today, we announced our plans to acquire @afterpay_au to advance our shared mission of economic empowerment. Together, we’re aiming to build financial products that are inclusive for all.
According to sources, the deal is scheduled to close in the first quarter of next year.
For each Afterpay share, shareholders will receive 0.375 Square shares. The premium will be 30%. Square will also re-list its shares on the Australian Stock Exchange.
Afterpay is a service that allows users to sell products in installments in Australia, USA, Canada and New Zealand. In addition, the company also operates in France, Italy, Spain and the UK under the name Clearpay.
Square is integrating the service into its Cash App application.
If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
Bitcoin 
Ethereum 
Tether 
BNB 
Solana 
USDC 
Lido Staked Ether 
XRP 
Dogecoin 
Toncoin 