US payments giant Square has bid $US29 billion ($A39b) in all scrip for buy now, pay later group Afterpay.
The bid values Afterpay at $126.61 a shares and Square will have a secondary listing on the ASX. Afterpay’s board has unanimously recommended the offer of 0.375 Square shares for every Afterpay share.
APT Take Over Annc: https://hotcopper.com.au/threads/an...ns-to-acquire-afterpay.6196007/#post-54947120
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We've now seen the first HUGE Acquisition for the BNPL Sector.
This is a huge positive in my opinion.
Don't forget IOU in Malaysia did soft-launch in the time of Covid (Where it is must stricter than AUS) & they still were able to achieve such numbers....
Can't wait to see what lies ahead!
Square to acquire APT for $39b
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