The founder of Twitter bought the company for $ 29 billion

News

The founder of Twitter bought the company for $ 29 billion

03.08.2021 News

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.

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