Twitter founder’s US platform to buy Afterpay
By
Neil Griffiths
02 August 2021
A US payments platform founded by Twitter’s Jack Dorsey will acquire Afterpay for $39 billion.
It was confirmed on Monday that Square and the 2015-founded buy now, pay later service have entered into a scheme implementation deed that will see Square acquire all of the issued shares in Afterpay.
The “acquisition aims to enable the companies to better deliver compelling financial products and services that expand access to more consumers and drive incremental revenue for merchants of all sizes”.
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