Twitter co-founder Jack Dorsey’s digital payments platform Square has agreed to take over the Australian ‘buy now, pay later’ firm Afterpay.
The $29bn (A$39bn; £21bn) deal is set to be Australia’s biggest-ever buyout.
The offer is a more than 30% premium to Afterpay’s stock market closing price on Friday.
The agreement will create an instalments payment giant as the industry sees significant growth
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