Why Square paid a whopping $29B for AfterPay

The Next Web
By Ivan MehtaAug 2, 2021, 5:18 am153 pts
Earlier this morning, fintech giant Square announced that it has struck a deal to acquire Australia-based AfterPay for a whopping $29 billion. Square is acquiring the company in an all-stock deal, the final transaction will take place in the first quarter of 2022. The company wants to integrate AfterPay into…

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