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Square to Enhance Cash App With Afterpay Acquisition Deal Worth $29B

·1-min read

BeInCrypto –

Jack Dorsey’s popular payments platform Square has announced that it will be acquiring Australian fintech firm Afterpay.

The announcement was made on Aug 1 revealing that the companies have entered into a “Scheme Implementation Deed” under which Square has agreed to acquire all of the issued shares in Afterpay.

The transaction, which is expected to be paid all in stock, has an implied value of approximately $29 billion based on the closing price of Square stock last Friday.

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