The payment company Square (owned by Twitter co-founder Jack Dorsey) has acquired the financial firm Afterpay, which provides online installments.
The deal, the largest in the history of Australian companies, amounted to 29 billion dollars, according to the website Square.
“Square, Inc. and Afterpay Limited have announced that they have entered into an agreement under which Square has agreed to purchase all issued shares of Afterpay in a recommended manner approved by the court. The estimated value of the transaction is about 29 billion US dollars (39 billion Australian dollars) “, – it is told in the message.
It is noted that such an agreement will allow companies to better provide attractive financial products and services that expand access to more consumers and bring additional income to sellers.
“By merging with Square, we will further accelerate our growth in the United States and around the world, offer access to a new category of personal sellers and provide a broader platform for new opportunities and services to our sellers and consumers,” said Afterpay co-founders Anthony Eisen and Nick Molnar. .
The operation is expected to be completed in the first quarter of 2022.
As of June 30, 2021, Afterpay serves more than 16 million consumers and nearly 100,000 sellers worldwide.
Meanwhile, the very first tweet went up for auction for almost $ 3 million. Jack Dorsey sold the first message on this social network, which belongs to him personally. The tweet was published on March 21, 2006.
The Fund for Economic Stability (WSF), created by the German government, saved the largest German airline from bankruptcy after the collapse of air traffic in March 2020 with billions of infusions, but now there is a way out of the crisis, the concern said. Lufthansa intends to return to the state by the end of […]
The German concern Lufthansa plans to remove the state from its co-owners by increasing its capital by 2.14 billion euros and returning the state anti-crisis aid received during the COVID-19 pandemic. These measures will begin before the elections to the Bundestag on September 26, the airline said on Sunday evening, September 19. From September 22 […]
In 2021, Russia’s Gazprom supplied 20.3 billion cubic meters of gas to Turkey, which is the maximum figure in less than nine months. This was reported by the company’s press service following a meeting of its chairman Alexei Miller with Turkish Minister of Energy and Natural Resources Fatih Donmez on Monday, September 20. At the […]
According to the updated data of the State Statistics Service, Ukraine’s GDP growth in the second quarter of 2021 was 5.7% in annual terms, which is 0.3% higher than the previous estimate. In particular, for six months the nominal GDP was UAH 1 trillion 169.4 billion, and per capita – UAH 28.19 thousand. Compared to […]
Exports of goods accounts for a third of Ukraine’s GDP.But we sell primarily raw materials abroad. It is a marker of underdeveloped countries and a path that does not contribute to economic development. Our state’s strategic task is to increase the exports of high-tech goods with high added value: that is, not just to grow […]
Next year, Ukraine may face a number of macroeconomic risks that will greatly affect economic growth. The Ministry of Finance listed these risks. In particular, Ukraine may lose 0.6-0.8 percentage points of GDP growth due to too low grain yields, due to which the budget will not receive UAH 8.5 billion. At the same time, […]
The low-cost airline Ryanair plans to expand in Ukraine if the open skies agreement with the EU is approved in the coming months. CEO Michael O’Leary stated this. O’Leary predicts the signing of an agreement between Ukraine and the EU by the end of 2021. “One of the markets I would single out is Ukraine. […]
Ukraine plans to privatize 737 state-owned enterprises during 2021-2023. The Ministry of Economy published the list of objects for sale. Although some companies will be able to sell only after the amendments to the legislation. In particular, such large enterprises as Centerenergo, the United Mining and Chemical Company, Turboatom, the Zaporizhia Titanium and Magnesium Plant, […]
Hong Kong is known to all as the home of world capitalism. In contrast to the politicized financial centers in mainland China, where according to local residents the markets are transparent and the rights of minority shareholders are protected. As a proof of this is an example of the fact […]Next
S&P Investment Risk Management Agency launched a legal portal Lawyer.ua 5 years ago. It was designed as an innovative online-platform for lawyers’ communication and for all who needed legal assistance. Experts now can effectively provide legal services in personal online-cabinets while clients can get qualified legal assistance promptly. Today, Lawyer.ua has grown into a large-scale […]Next
Radekhivskyi tsukor company, which is the largest producer of this product in Ukraine, has closed a deal to acquire 6 sugar factories previously owned by the company T-Tsukor. We are talking about: Borshchivskyi, Buchatskyi, Zbarazhskyi, Kozovsky, Lanovetskyi and Khorostkovskyi sugar factories, which are located in the Ternopil region. It is reported by the source delo.ua. […]Next
Cosco is the world’s leading container carrier that is the only candidate to bit for the purchase of 51% stake in the state port of Piraeus in Greece. The sale will help to generate hundreds million of euros for Greece, which is experiencing significant financial difficulties , therefore is engaged in the sale of State […]Next
Amazon’s digital advertising business (AMZN) has received a new high estimate of growth in 2020 from experts from the global research company eMarketer. Amazon shares, which have not changed much since the beginning of 2021, rose at the beginning of trading on Wednesday. EMarketer analysts gave investors another confirmation of the strong growth of the […]Next
Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]Next
Ukraine is in the top 10 countries with the highest earnings on Bitcoin in 2020 – Ukrainian investors received about $ 400 million in profits on cryptocurrency. The Ministry of Finance with reference to the data of the analytical company Chainalysis reported this. The authors of the rating draw attention to the obvious dominance of […]Next
Recently, foreign automobile corporations are increasingly exposed to multi-million dollar fines from regulators. The reason is negligence of manufacturers who violate the road safety legislation at the stage of cars’ production. Scandals accompanied by multi-million dollar fines recently occurred in companies BMW, Volkswagen, and Fiat Chrysler, which subjected the charges from the regulatory authorities for […]Next
The American multinational corporation Google, fined in France for copyright infringement, has announced its intention to appeal the decision of the French regulatory authorities. This was announced on Wednesday, September 1, the chairman of the board of Google France Sebastien Missoff. “We do not agree with some legal nuances and consider the amount of the […]Next
Nvidia company as a part of its online conference on the graphics processor technology announced its plans to create the fastest supercomputer in the UK, called “Cambridge-1″. Shares of Nvidia rose to 4.44% until the closing of the trading on Monday. Such organizations as: the biggest medical company in the UK GlaxoSmithKline, the British-Swedish pharmaceutical […]Next
Indian Pharmaceutical Manufacturers Association unites the representatives of Indian pharmaceutical companies in Ukraine. The executive vice president of the Dr. Reddy’s M. V. Ramana pointed out that Ukraine is one of the key markets in which the activity of the company is focused. International pharmaceutical company Dr. Reddy’s (India) remains optimistic about the Ukrainian pharmaceutical […]Next
The net profit of the German automaker Bayerische Motoren Werke AG (BMW) for January-September 2020 decreased almost 1.7 times year on year and amounted to 2.11 billion euros. Adjusted earnings per share were € 3.2 against € 5.37 a year earlier. Annual revenue decreased by 7.1% to last year’s level – to 69.508 billion euros. […]Next
On Wednesday, August 18, Ukrspetsexport signed a framework contract with the Turkish THK Teknik A.Ş. to establish a repair base for Mi-17 helicopters in Turkey. According to Ukroboronprom, the document was signed during the international exhibition of the defense industry IDEF-2021. The contract provides for the repair of equipment of Turkish customers and the execution […]Next
The policy of GFS of Ukraine, directed to the problem resolution of central government budget deficit doesn’t promote business development at all. Entrepreneurs ring the alarm bells! Despite the moratorium of business checks conducting , the expiring year has remembered by just improbable actions activation of the Public fiscal service of Ukraine. From practice As […]Next
Representatives of Ukrainian business improved their assessments of the economic condition of their enterprises and prospects in February. This follows from a monthly survey of Ukrainian enterprises, the results of which on Monday, March 1, according to the National Bank of Ukraine (NBU). It is noted that this happened in response to the weakening of […]Next
The international company Strauss Group is one of the largest coffee manufacturers in the world. They put into operation a warehouse and distribution center on the street in the third quarter of 2020. It’s located on Novopyrohivska str, 56a in the Holosiivskyi district of Kyiv. “An innovative distribution center opened in Ukraine in the third […]Next