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Square to buy Australia's Afterpay for $39 billion

Square to buy Australia's Afterpay for $39 billion
9news.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 9news.com.au Daily Mail and Mail on Sunday newspapers.

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ASX:APT (Afterpay Ltd) Share Price News » The Motley Fool Australia

Non-Executive Director
Mar 2020
Mr O Sullivan is currently a director of several companies and previously worked for 30 years in various senior financial and operational roles in Ireland, the US, Australia and New Zealand across a number of industries including traditional and online media, telecommunications, fast moving consumer goods and professional accounting. He was the Chief Financial Officer of Optus from 2001 to 2006 and was the Chief Operating Officer and Finance Director of Nine Entertainment Co Pty Limited (formerly PBL Media Pty Ltd) from 2006 until 2012.
Mr Anthony Mathew Eisen
Jul 2017
Mr Eisen has over 25 years experience in investing, public company directorships and providing corporate advice across a variety of sectors. Prior to co-founding Afterpay, he was the Chief Investment Officer at Guinness Peat Group (GPG). He was involved in a number of financial services, software and technology companies in which GPG was a major shareholder. Befor ....

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High stakes: 10 billionaires who hold their wealth in ASX listed companies

Gerry Harvey (left) and Solomon Lew (right). Source: Harvey Norman/AAP.
Compared to the UK and the US, Australia has an unusually large number of billionaires who hold the majority of their wealth in public companies listed on the ASX.
After 50 years of wheeling and dealing, Kerry Stokes is near the top of the pile given that his 58.5% stake in Seven Group Holdings is now worth $4.59 billion.
The Australian’s Rich List valued him at $7.26 billion earlier this year.
Stokes is unique in many respects, particularly given that he was an orphan whose wealth is entirely self made. He’s also the only Australian billionaire who has a $1 billion-plus personal investment in more than one public company, courtesy of the $1.7 billion stake that Seven Group Holdings owns in Boral. ....

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Afterpay shares surge as it prepares to list on the American stock exchange

Afterpay has confirmed it is closer to listing on a US stock market after North America overtook Australia and New Zealand as the biggest region for sales.
The buy now, pay later provider on Tuesday published sales figures which showed people in Canada and the US spent $2.6 billion using the service in the three months to March 31.
The spending constituted a rise of 167 per cent on the same quarter last year.
Afterpay has confirmed it is closer to listing on a US stock market after North America overtook Australia and New Zealand as the biggest region for sales
People in Australia and New Zealand spent $2.1 billion using Afterpay, while those in the UK spent $0.5 billion using the Clearpay brand. ....

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Australia S&P/ASX 200 falls below the 6,700 level | Business Standard News

The Australian share market finished session steep lower on Friday, 26 February 2021, following a global selloff after Wall Street s main indexes tumbled overnight, as a rapid rise in bond yields rattled investor sentiment. At closing bell, the benchmark S&P/ASX200 tumbled 160.76 points, or 2.36%, to 6,673.27. The broader All Ordinaries tanked 165.05 points, or 2.32%, to 6,940.63.
Investors monitored bond yields during Friday s session. Overnight, the yield on the benchmark 10-year U. S. Treasury note briefly crossed the 1.6% level to trade at its highest level in more than a year. Yields are rising because investors are optimistic.
They believe a strong sustainable recovery is right around the corner and prices will rise as demand comes roaring back. Investor optimism about the economic outlook has risen recently on the back of factors such as positive vaccine developments as multiple major economies inoculate their populations. ....

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