{"id":47054,"date":"2021-08-02T10:13:14","date_gmt":"2021-08-02T07:13:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47054"},"modified":"2025-09-01T19:30:19","modified_gmt":"2025-09-01T16:30:19","slug":"square-to-acquire-afterpay-for-29-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/square-to-acquire-afterpay-for-29-billion\/","title":{"rendered":"Square to acquire Afterpay for $29 billion"},"content":{"rendered":"<p>Square announced plans to acquire all outstanding shares of Australian buy-now-pay-later service Afterpay for $29 billion in Square stock. The deal is expected to close in the first quarter of 2022.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today, we announced our plans to acquire <a href=\"https:\/\/twitter.com\/afterpay_au?ref_src=twsrc%5Etfw\">@afterpay_au<\/a> to advance our shared mission of economic empowerment. Together, we\u2019re aiming to build financial products that are inclusive for all. <\/p>\n<p>Press release: <a href=\"https:\/\/t.co\/QRwgNPPAv3\">https:\/\/t.co\/QRwgNPPAv3<\/a><br \/>Legal notices: <a href=\"https:\/\/t.co\/hADBjogLyb\">https:\/\/t.co\/hADBjogLyb<\/a> <a href=\"https:\/\/t.co\/AUqky9mGKM\">pic.twitter.com\/AUqky9mGKM<\/a><\/p>\n<p>\u2014 Square (@Square) <a href=\"https:\/\/twitter.com\/Square\/status\/1421955878001983488?ref_src=twsrc%5Etfw\">August 1, 2021<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For each Afterpay share, shareholders will receive 0.375 Square shares. The premium will be 30%. Square will also list its shares on the Australian Securities Exchange.<\/p>\n<p>Afterpay enables merchants to offer installment payments for goods in Australia, the United States, Canada and New Zealand. Under the Clearpay brand, the service operates in France, Italy, Spain and the United Kingdom.<\/p>\n<p>After the deal closes, Square will integrate Afterpay into its acquiring business and its own Cash App.<\/p>\n<p>Shares in the buy-now-pay-later service jumped 19% on the news.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"565\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-08-02-v-10.02.12-1024x565.png\" alt=\"Square \u043a\u0443\u043f\u0438\u0442 \u0441\u0435\u0440\u0432\u0438\u0441 \u0440\u0430\u0441\u0441\u0440\u043e\u0447\u043a\u0438 Afterpay \u0437\u0430 $29 \u043c\u043b\u0440\u0434\" class=\"wp-image-144431\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-08-02-v-10.02.12-1024x565.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-08-02-v-10.02.12-300x165.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-08-02-v-10.02.12-768x424.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-08-02-v-10.02.12-1536x847.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2021-08-02-v-10.02.12-2048x1129.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/finance.yahoo.com\/quote\/APT.AX\/\">Yahoo Finance<\/a>.<\/figcaption><\/figure>\n<p>Earlier, ARK Invest <a href=\"https:\/\/u1f987.com\/en\/news\/ark-invest-increases-stake-in-square-after-defi-platform-launch-announcement\">purchased 225,937 shares of Square<\/a> after <a href=\"https:\/\/u1f987.com\/en\/news\/square-to-launch-bitcoin-focused-platform\">statement<\/a> by the payments company about the forthcoming launch of a Bitcoin-focused platform of decentralized services.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Square announced plans to acquire all outstanding shares of Australian buy-now-pay-later service Afterpay for $29 billion in Square stock. The deal is expected to close in the first quarter of 2022.<\/p>\n","protected":false},"author":1,"featured_media":47055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1534],"class_list":["post-47054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-square"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=47054"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47054\/revisions"}],"predecessor-version":[{"id":47056,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47054\/revisions\/47056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/47055"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=47054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=47054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=47054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}