‘Transformation before our eyes’: Afterpay deal signals changing of guard | carawaters
Square’s $39 billion bid for local buy now, pay later juggernaut Afterpay has been hailed as the clearest sign of the Australian technology sector firing on all cylinders.by regulators and shareholders, will be the biggest takeover in Australian history despite Afterpay only being founded seven years ago by Nick Molnar and Anthony Eisen.
“We are just seeing this incredibly rapid transformation of the Australian economy before our eyes,” he said.He pointed to Afterpay’s proposed acquisition, Atlassian’s results last week that saw itand reports that Canva is raising new funds valuing it at $40 billion as all signs of the strength of Australia’s technology ecosystem.
Mr Bassat said while it was a “bit of a shame” Afterpay wouldn’t continue to be an independent Australian company, the proposed joint listing on the ASX of Afterpay and Square reflected how globally relevant Australia’s technology sector was becoming.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Afterpay acquired by US company in $39bn dealAustralia’s buy-now-pay-later giant Afterpay has been acquired by US financial services and digital payments company Square in a $39billion deal, the largest deal in Australian corporate history.
Read more »
Afterpay to be bought by US giant Square in $39 billion dealBuy now, pay later market darling Afterpay enters into a deal with payments firm Square, which values it at $39 billion.
Read more »
ASX to open down as Jack Dorsey's Square surges on record-breaking Afterpay dealWall Street has a mixed day of trade, pulling down the local share market, but Square is doing nicely off its Afterpay offer.
Read more »
Twitter founder Jack Dorsey’s Square to buy Afterpay for $39 billionPayments platform Square is set to acquire Afterpay in a $39 billion deal, with Afterpay’s founders to stay on at the company.
Read more »
ASX on the rise as takeover talk boosts energy and buy now, pay later stocksTakeover offers see shares in Afterpay and Oil Search surge as all sectors of the local share market rise in early trade.
Read more »
Afterpay sale is a smart move as the buy now, pay later field braces for an onslaughtOpinion: The timing of founders Anthony Eisen and Nick Molnar might have been marginally off, but their decision to sell the buy-now-pay-later juggernaut for $39 billion is a smart move, writes Stephen Bartholomeusz
Read more »