Square stock climbed 1.1% to 96.55 in extended trading on the stock market today. It seems Square's bold move is a strategic attempt to cash in on the BNPL mania storming e-commerce sites everywhere. "Square and Afterpay have a shared purpose. The news: Square plans to acquire Australia-based buy now, pay later (BNPL) provider Afterpay in a whopping $29 billion deal that's set to close in Q1 2022.. Square's Afterpay acquisition highlights buy now, pay later craze The companies aim to knit together Square's small and medium-sized merchant clients with Afterpay's larger retailer customers . "Square and Afterpay have a shared purpose. The Afterpay deal is its second chance. But SQ stock edged up as analysts mulled the company's outlook amid the Afterpay acquisition. This is a major . Square's $29 billion acquisition of buy-now-pay-later company Afterpay makes a whole lot of sense. Square, now Block ( SQ 0.67%), has gone through its fair share of changes lately -- its name change being the most obvious. CREDIT: Courtesy of Afterpay Square Inc. said it reached a deal. Square plans to acquire Australian company Afterpay, which offers a "buy now, pay later" service that lets you pay for purchases in installments interest-free, for $29 billion in stock, the two. 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,. Afterpay now has a distribution . Exploding e-commerce usage and a need to manage cash flow drove triple-digit growth in installment payments during 2020, with 2021 on track to see even greater growth in the space. Afterpay shareholders will receive 0.375 shares of Square stock for each Afterpay share they own that will result in around 18.5% of the combined company. . Block, formerly Square, closes its acquisition of Afterpay, making the buy now, pay later services available to online merchants in Australia and the US. Huge news came out a month ago when fintech company Square ( SQ 0.67%) announced plans to acquire buy now, pay later (BNPL) specialist Afterpay for $29 billion in an all-stock deal. Square was scheduled to report earnings on Thursday, but . Square stock climbed 1.1% to 96.55 in extended trading on the stock market today. Acquisition of Afterpay Marks Its Entry to BNPL In August 2021, Square announced that its planned $29 bln acquisition of BNPL leader Afterpay which is the second-largest BNPL player behind Klarna. In a few short years, the company stormed the Australian capital markets, rising to the ASX20 without ever making a profit. But despite this, SQ stock could still be worth about $294. Aussie buy-now, pay-later leader Afterpay is set to be acquired by Square, the payments giant headed up by Twitter founder Jack Dorsey, in a deal worth US$29 billion ($39 billion). Because making four $75 payments is easier to stomach than one big $300 cut in the wallet . Square just made their largest-ever acquisition of Afterpay, the leading BNPL in Australia and within areas of APAC. But it's far more significant than just offering consumers the short-term installment plans that have grown popular among credit-wary young shoppers. It varies by market, but by partnering with Square, Afterpay could save as much as $50-100m per year in at-cost payments processing, resulting in a net margin of 2.7-3%. The new owner plans to integrate the delayed payment functionality into its Square and CashApp brands for sellers of all sizes. Square, which is run by Twitter co-founder Jack Dorsey, has entered into an agreement with Afterpay to acquire all shares in the company. The "acquisition aims to enable the companies to better deliver compelling financial products and services that expand access to more consumers and drive incremental revenue for merchants of all sizes". The Square-Afterpay deal. In fact, this is Square's biggest acquisition to date and the biggest M&A deal the Australian capital markets have ever seen. The acquisition gives Square access to Afterpay's more than 16 million customers and nearly 100,000 global retail partners. According to the announcement, the acquisition will enable Square to strengthen and allow further integration between its Seller and Cash App ecosystems. X. . Square, which at the end of last week had a market cap of about $123 billion, may pay 1% of its buyout offer in cash, but the rest will be in stock, giving Afterpay shareholders 0.375 shares of . Reports suggesting the purchase price represents roughly 60x Afterpay's current gross profit has raised eyebrows. The acquisition expanded Square's presence in European countries such as Spain, France, Germany, and Italy. We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay . In a blockbuster deal that rocks the fintech world, Square announced today that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all-stock deal. The deal introduces . In addition to all the activities mentioned above, the acquisition of publicly-listed Afterpay, one of the largest global players in BNPL, by Square for $29bn in early August was undoubtedly THE deal to watch last month. The acquisition by one of the world's most significant fintech disruptors tops a meteoric rise for Afterpay. Earlier this month, Square (NYSE: SQ) announced that it is acquiring Afterpay for nearly $30 billion, marking one of the largest acquisitions to date in the still budding fintech industry.. That is a $29 billion merchant that they bought, or Buy Now Pay Later company they bought last . Square is famous for its white card readers and checkout devices, which have become ubiquitous at cafes and farmers markets across the U.S. Now, it hopes to expand Afterpay's reach in a similar way. The acquisition would allow Square to be a major competitor in BNPL without Square having to build out its own service. Wall Street celebrated by sending SQ stock up over 10%. What Square's acquisition of Afterpay means for startups VCs weigh in on the state of the 'buy now, pay later' segment Ryan Lawler @ryanlawler / 9 months Very important because you did hear Square or Block talk a lot on the conference call about Afterpay. . But the company is also taking another huge step in the form of a $29. With Square's share price increasing after the announcement by $25 billion, one could argue that for all intents and purposes, this acquisition is largely free. The stock swap means the implied price Square is paying for Afterpay share is about AUD $126.21 billion — a premium of about 30.6% to its closing price last Friday. Square's press release quotes Square CEO Jack Dorsey. Announces Plans to Acquire Afterpay, Strengthening and Enabling Further Integration Between its Seller and Cash App Ecosystems Aug 01, 2021 Brings together two of the fastest growing global fintech companies to advance shared mission of economic empowerment and financial inclusion Joe Raedle/Getty Images. The deal is expected to close in Q1 2022, at which point Afterpay shareholders will own 18.5% of Square. Square Sellers Can Now Offer Buy Now, Pay Later Through Afterpay Jan 31, 2022 SAN FRANCISCO - January 31, 2022 [SYDNEY - February 1, 2022] - Today, Square launches its first integration with Afterpay, providing "Buy Now, Pay Later" (BNPL) functionality to sellers using Square Online for e-commerce in the United States and Australia. Square, Inc. Afterpay now has a distribution . Square announced its acquisition of Australian buy now, pay later (BNPL) company, AfterPay, through a $29 billion deal. Shares of Square jumped as much as 12% on Monday after the fintech agreed to acquire Afterpay for $29 billion. Square announced Sunday that it plans to acquire the buy now, pay later startup Afterpay for $29 billion. Square's $39 billion acquisition of Afterpay is one for the record books. Square's Afterpay acquisition highlights buy now, pay later craze The companies aim to knit together Square's small and medium-sized merchant clients with Afterpay's larger retailer customers . As to the Square Afterpay acquisition details, under the terms of the Scheme Implementation Deed, Afterpay shareholders will receive a fixed exchange ratio of 0.375 shares of Square Class A common stock for each Afterpay ordinary share they hold on the record date. The move comes after the company's largest acquisition, as Square agreed to a $29 billion deal for Afterpay in an all-stock acquisition. Square has agreed to acquire Australian buy-now, pay-later service Afterpay in an all-stock deal worth around $29 billion, making it one of the biggest acquisitions in Australian history. Published Tue, Aug 3 2021 1:33 PM EDT Updated Tue, Aug 3 2021 1:41 PM EDT. Square said in a statement today that the acquisition . Payment processing disruptor Square (NASDAQ: SQ) is making headlines after purchasing Australian fintech Afterpay (ASX: APT).. Square will pay $29bn for Afterpay, a buy-now, pay-later (BNPL) start-up and first-mover in the space.. Buy now, pay later. As reported by WWD, Square Inc. revealed it has reached a deal with Afterpay Ltd. to acquire the buy now, pay later company for $29 billion in an all-stock deal this weekend. This is a major . Square said on Sunday that it planned to acquire the Australian "buy now, pay later" company Afterpay in an all-stock deal that values Afterpay at about $29 billion. Together, Square and Afterpay intend to enable sellers of all sizes to offer 'buy now, pay later' (BNPL) at checkout, give Afterpay consumers the . Square's recent Afterpay acquisition brings value to both firms, but the most crucial facet is how Afterpay rounds out Square's merchant offering. Block completes acquisition of "buy now, pay later" specialist Afterpay. Payments fintech Square announced its intention to acquire Buy Now, Pay Later (BNPL) firm Afterpay for $29 billion in an all stock transaction. X. . Afterpay Ltd shares are soaring on Monday after the buy now pay later (BNPL) provider agreed to be acquired by US payments giant Square Inc.. Square (NYSE: SQ) turned heads yesterday with its $29 billion acquisition of buy now, pay later firm Afterpay (OTC: AFTPY ). Square Inc., the digital-payments platform led by Twitter Inc. founder Jack Dorsey, agreed to buy Australian buy-now, pay-later company Afterpay Ltd. for $29 billion in its largest-ever acquisition. Block's acquisition of Afterpay is already paying off, Jack Dorsey said in the company's earnings call, alongside plans to extend BNPL to in-person payments. Block, Inc. Completes Acquisition of Afterpay. Square expansion continues Co-founder and CEO of Square, Jack Dorsey, said his firm and Afterpay have a shared purpose, adding that the businesses have been built to make the financial system . "Block, Inc. Completes Acquisition of Afterpay." Accessed Feb. 9, 2022. Secondly, the acquisition will Bring added value, differentiation and scale to Afterpay. The acquisition is not only Square's largest ever, but it's also the largest acquisition of an Australian company ever — according to data from Refinitiv. BBC announced the AUD 39 billion deal and noted: The agreement will create an installments payment giant as the industry sees significant growth. Get in touch with Afterpay su Huge news came out a month ago when fintech company Square (NYSE: SQ) announced plans to acquire buy now, pay later (BNPL) specialist Afterpay for $29 billion in an all-stock deal. . Investor Highlights: Square's Acquisition of Afterpay Rachel Warren, Travis Hoium, Jason Hall, Toby Bordelon, and Lou Whiteman 1/12/2022. the discovery aspect is one of the critical reasons we made this acquisition . Very important because you did hear Square or Block talk a lot on the conference call about Afterpay. And now, Wall . Not only is the deal (assuming it gets the green light from regulators and shareholders) the largest in Australian M&A . A material step-change for. The acquisition is primarily targeted towards broadening the combined company's products and services, making them more compelling, adding new users to their customer base, and generating incremental revenue for even the smallest of merchants. With this acquisition, Square is building a major financial juggernaut and a. This implies a purchase price of AUD 126.21 based on Square's latest closing price of USD . But SQ stock edged up as analysts mulled the company's outlook amid the Afterpay acquisition. Excluding Afterpay, Square gross profit was $615 million, up 31% year over year and 27% on a three-year CAGR basis. As mentioned here, the two . . Square stock is the IBD Stock Of The Day as shares in the digital payment firm rally in the wake of its acquisition of Australia-based consumer lending startup Afterpay in a $29 billion all-stock . Square announced the two businesses have entered into a 'scheme implementation deed' that will see Square acquire all of the issued sharesin ASX-listed Afterpay. Square seems to be paying far too much for its Afterpay acquisition. [i] But the deal is about more than just buying an experienced player in the BNPL . The product will give BNPL functionality to sellers, making use of Square Online for. ----- EDIT: While no official integration exists, some sellers have reported Afterpay have a workaround they can apply on their end that will allow Afterpay Mastercard to be used with Square Readers via tap. Jack Dorsey made the following official statement on the acquisition of Afterpay: Square and Afterpay have a shared purpose. That is a $29 billion merchant that they bought, or Buy Now Pay Later company they bought last . BNPL was the least important part of the deal. The COVID-19 pandemic was the catalyst that buy now, pay later (BNPL) needed to really take off. Square just made their largest-ever acquisition of Afterpay, the leading BNPL in Australia and within areas of APAC. The proposed acquisition by Twitter founder Jack Dorsey's Square, which values Afterpay by $12 billion more than its market capitalisation as at 30 July 2021, is expected to be paid in Square stock. Square's Cash app delivered $546 million in the second quarter, growing 94% YOY. Huge news came out a month ago when fintech company Square (NYSE: SQ) announced plans to acquire buy now, pay later (BNPL) specialist Afterpay for $29 billion in an all-stock deal. Square's Afterpay Acquisition: This Is Just the Beginning. The Square Afterpay Acquisition Details. The purchase price is . Square's Cash app, a peer-to-peer feature that Square uses for bitcoin trades and other merchant payment needs, has about 70 million users, while Afterpay serves 16 million users and 100,000 merchants. , said Square and Afterpay have a . To realize this opportunity, AfterPay will be integrated into both Square's online and in-person checkout solutions as well as CashApp. With this acquisition, Square is building a major financial juggernaut and a . This will augment Square's omnichannel capabilities and drive repeat engagement. Square, the credit card processing company run by Twitter founder Jack Dorsey, has announced plans to acquire Australian buy-now-pay-later (BNPL) outfit Afterpay for $29 billion. Square Inc. said it reached a deal with Afterpay Ltd. to acquire the buy now, pay later company in an all-stock deal valued at $29 billion. "Square and Afterpay have a shared purpose. Block, formerly Square, closes its acquisition of Afterpay, making the buy now, pay later services available to online merchants in Australia and the US. Its subscription and services-based revenue reached $1.54 billion, up 49% YoY. Afterpay shareholders will receive 0.375 share of Square's Class A common stock per 1 Afterpay share. Square's proposed US$29bn acquisition of Australian buy now pay later (BNPL) specialist Afterpay expands its loan capabilities for younger buyers. In connection with Square's proposal to acquire all of the issued shares in Afterpay by way of a recommended court-approved Scheme of Arrangement (Transaction), Afterpay will prepare and lodge a scheme booklet setting out information in relation to the Transaction. Another immediate benefit that Square gets from this acquisition is the instant presence in Europe and Australia. As the Buy Now Pay Later industry heats up, AfterPay will benefit from the scale Square can offer. Square to Acquire Afterpay in $29 Billion All-Stock Deal By Arthur Zaczkiewicz Afterpay co-founder and North America CEO Nick Molnar. Investors appear to love Square's deal to acquire the buy now, pay later company Afterpay, sending both stocks—and shares of . Square's Deal for Afterpay Is a Hit. Investor Highlights: Square's Acquisition of Afterpay Rachel Warren, Travis Hoium, Jason Hall, Toby Bordelon, and Lou Whiteman 1/12/2022. Afterpay consumers will also receive the benefits of Cash App's financial . This is a major. Payments fintech Square announced its intention to acquire Buy Now, Pay Later (BNPL) firm Afterpay for $29 billion. Square plans to integrate Afterpay—which lets customers pay for purchases in four interest-free biweekly . Crime, homelessness frame race for mayor of Los Angeles. Block's acquisition of Afterpay is already paying off, Jack Dorsey said in the company's earnings call, alongside plans to extend BNPL to in-person payments. Nov 4 (Reuters) - Square Inc (SQ.N) shareholders have approved the issuance of new shares for the U.S. company's $29 billion purchase of Afterpay Ltd (APT.AX), bringing Australia and the buy now,. At first glance, Square's $29 billion deal to buy Afterpay looks like a smart move into the fast-growing "buy now, pay later" space. Afterpay is a "buy now, pay later" firm that consumers use . Based on the closing price of Square stock on Friday, the . Square, Inc. (NYSE: SQ) and Afterpay Limited (ASX: APT) entered into a Scheme Implementation Deed under which Square has agreed to acquire all of the issued shares in Afterpay by way of a recommended court-approved Scheme of Arrangement, implying a value for Afterpay of $39 billion based on the closing price of Square common stock on 30 July 2021. Square-Afterpay Acquisition Potential. Square posted a net revenue of $9.5 billion, up 101.5% year-on-year (YoY). Crime, homelessness frame race for mayor of Los Angeles. Why Affirm Could Be Next. Square is debuting a BNPL product with Afterpay after its buy of the latter company, a press release says. Square's Afterpay acquisition proves Jamie Dimon is right to fear 'increasingly smaller role' of Wall Street. 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