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Square to buy installment payment firm Afterpay in $29B deal

By The Associated Press - | Aug 2, 2021

FILE - In this Wednesday, Oct. 28, 2020, file photo, Twitter and Square CEO Jack Dorsey appears on a screen as he speaks remotely during a hearing before the Senate Commerce Committee on Capitol Hill, in Washington. On Sunday, Aug. 1, 2021, digital payments company Square Inc. said it has agreed to acquire Afterpay, which provides a “buy now, pay later’’ option for merchants, in an all-stock deal valued at about $29 billion. “Square and Afterpay have a shared purpose,” Dorsey said in a statement. (Michael Reynolds/Pool Photo via AP, File)

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