|SQ acquiring Afterpay, for $29B|
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Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal
Australian installment-payment company positions its service as a cheaper, more responsible alternative to a credit card
Square said it expects its acquisition of Afterpay to close in the first quarter of 2022.PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS
Aug. 1, 2021 6:03 pm ET
Square Inc. SQ -3.14% has agreed to an all-stock deal worth around $29 billion to acquire Australia’s Afterpay Ltd. APT -5.28% , an installment-payment company that positions its service as a cheaper and more responsible alternative to a credit card.
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