Sq. should buy it now and pay loads, or purchase it later and pay extra
Shares of Sq. are up this morning after the corporate introduced its second-quarter earnings and that it’ll purchase Afterpay, an Australian purchase now, pay later (BNPL) participant in a $29 billion deal. As TechCrunch reported this morning, Afterpay shareholders will obtain 0.375 shares of Sq. in trade for his or her current fairness.
Shares of Afterpay are sharply larger after the deal was introduced due to its implied premium, whereas shares of Sq. are up 7% in early-morning buying and selling.
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Over the previous 12 months, we’ve written extensively concerning the BNPL market, often from the angle of earnings from firms within the house. Afterpay has been a key information supply, together with the