The deal was announced on Monday morning whereby Square will acquire all Afterpay shares by way of a recommended Scheme of Arrangement said to be worth around $39billion.
"By combining with Square, we will further accelerate our growth in the U.S. and globally, offer access to a new category of in-person merchants, and provide a broader platform of new and valuable capabilities and services to our merchants and consumers,” said Mr Eisen and Mr Molnar. The buy-now-pay-later company was founded in 2014 and listed on the Australian Stock Exchange in 2016 and has rocketed from a few dollars a share to highs of over $150 per share.
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