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MarkRoberts
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Square Acquires Australian AfterPay Ltd and Transfers its Bitcoin Purchase Feature

Mon Aug 09, 2021 9:03 pm

In the wake of the day, Square Inc. has announced that it has finally agreed to buy AfterPay after a period of serious deliberation on the matter.

The two companies have made a public announcement that they have entered into a Scheme Implementation Deed by which Square Inc. will acquire all of Afterpay’s issued shares through a recommended court-approved scheme of arrangement.

As did the announcement had us believe; Square will buy the company for 29 Billion USD, based on the closing price of Square’s common stock on July,30th 2021.

The aforesaid deal is expected to be paid all in stock.

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