Advanced Technology Ventures got hit by ransomware attack Subject to the satisfaction of closing conditions, the transaction is expected to close in Q1 of the calendar year 2022. The deal will also help in expansion of their customer base and derive an incremental revenue for merchants on the platforms of all sizes. Square says that the acquisition will enable the two companies in delivering even more compelling financial services and products. The implied value of the deal, based on Square’s closing price of common stock as on July 30th 2021, is approximately US$29 billion (AU$39 billion). Under this deed, Square will be acquiring all issued shares in Aussie fintech Afterpay through a court-approved and recommended scheme of arrangement. The two financial services companies have entered a scheme implementation deed. has announced its plans to buy Australia’s most loved buy now, pay later fintech company Afterpay. Square acquires Australian fintech AfterpayĪmerican digital payments service Square, Inc. Want to know more about it? Keep reading. This week was particularly interesting, as it saw Square acquiring an Australian buy now pay later company, some amazon startups like bina raising capital and tech giants like WhatsApp rolling out a useful feature for its users across the globe. In this blog, we have compiled everything big that happened in IT. Missed out on what’s going on in the world of Information Technology? Don’t worry, because we’ve got you covered.
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