Twitter founder Jack Dorsey's Square to buy Afterpay for $39 billion

Twitter founder Jack Dorsey’s Square to buy Afterpay for $39 billionWe’re sorry, this service is currently unavailable. Please try again later.Skip to sections navigationSkip to contentSkip to footerTwitter billionaire Jack Dorsey’s US payments platform Square is set to acquire ASX-listed buy now pay later jugernaut Afterpay for $39 billion, in the largest corporate transaction in Australian history.The two companies announced the mega deal on Monday morning before the sharemarket open. Afterpay’s richlister founders Nick Molnar and Anthony Eisen will remain with the company, while Square will establish a secondary listing on the ASX allowing local investors to trade in the combined company.Afterpay’s Nick Molnar and Anthony Eisen said the acquisition would enable the company to accelerate its growth in the United States and globally.Credit:Eamon Gallagher Afterpay was started by Nick Molnar and Anthony Eisen in 2014 and is the pioneer in the buy now pay later space used by 16 million consumers and 100,000 retailers globally.Square, which was founded by Twitter’s Jack Dorsey, is used by 70 million consumers and Mr Dorsey, who is also chief executive of Square, said the two companies have a shared purpose.Loading“We built our business to make the financial system more fair, accessible and inclusive…
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