Square to Buy Afterpay for $29 Billion to Tap Younger Users
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. The all-stock offer values Afterpay shares at 126.21 Australian dollars, 31% higher than Friday’s closing price, the companies said in a statement.......