Square’s $29B Acquisition

Name: Square’s $29B Acquisition
Uploaded: 2021-09-01T14:36:50+00:00
Duration: 24 s
Channel: Benzinga
Description: Square ($SQ@US) announced that they had secured a deal to acquire Australia’s Afterpay ($AFTPY@AUS) in a $29 billion deal. The agreement for the “buy now, pay later” company will be paid entirely in Square stock. Square CEO Jack Dorsey is looking to further expand into the installment loan market. Shares of Square are up 7.98% at press time.

Benzinga

Square ($SQ@US) announced that they had secured a deal to acquire Australia’s Afterpay ($AFTPY@AUS) in a $29 billion deal. The agreement for the “buy now, pay later” company will be paid entirely in Square stock. Square CEO Jack Dorsey is looking to further expand into the installment loan market. Shares of Square are up 7.98% at press time.

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