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- KayakerSGKayakerSG
  ·2021-08-25
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- KayakerSGKayakerSG
  ·2021-08-25
  $AMC Entertainment(AMC)$focus on AMC
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- KayakerSGKayakerSG
  ·2021-08-02
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  Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal
  (Updated on August 2, 2021 ET 04:19 AM) Square fell over 5% in premarket trading. Australian inst
  Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal
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- KayakerSGKayakerSG
  ·2021-07-09
  Ape strong
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07:25","market":"us","language":"en","title":"Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1106026316","media":"The Wall Street Journal","summary":"(Updated on August 2, 2021 ET 04:19 AM)\n\n\nSquare fell over 5% in premarket trading.\n\nAustralian inst","content":"<p><i>(Updated on August 2, 2021 ET&nbsp;04:19 AM)</i></p>\n<p><img src=\"https://static.tigerbbs.com/d8c9726bd034485ce2cd75b32ca6f291\" tg-width=\"629\" tg-height=\"520\" width=\"100%\" height=\"auto\"></p>\n<blockquote>\n <b>Square fell over 5% in premarket trading.</b>\n</blockquote>\n<p>Australian installment-payment company positions its service as a cheaper, more responsible alternative to a credit card</p>\n<p>YDNEY—SquareInc.&nbsp;has agreed to an all-stock deal valued at around $29 billion to acquire Australia’s&nbsp;AfterpayLtd., an installment-payment company that positions its service as a cheaper and more responsible alternative to a credit card.</p>\n<p>Square said it plans to integrate Afterpay into its Seller and Cash App business units, which would allow more retailers to offer so-called buy now, pay later services at checkout.</p>\n<p>Afterpay’s technology allows users to&nbsp;pay for goods in four interest-free installments, while receiving the goods immediately. Customers pay a fee only if they miss an automated payment, a transgression that also locks their account until the balance is repaid. Afterpay says this limits bad debts, particularly in a downturn when job security is shaky and household finances are stretched.</p>\n<p>Most of Afterpay’s revenue comes from retail merchants, which pay a percentage of the value of each order placed by customers, plus a fixed fee. The company is expanding across the U.S. through deals with retailers including Anthropologie and Free People.</p>\n<p>“Square and Afterpay have a shared purpose,” said Jack Dorsey, Square’s chief executive. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.”</p>\n<p>Afterpay, Australia’s largest tech company by market capitalization, said the deal implies a value of around 126.21 Australian dollars (about US$92.66) for each of its shares, representing a 31% premium to its closing price on Friday.</p>\n<p>Afterpay said its shareholders will receive 0.375 share of Square Class A common stock for each Afterpay share that they own. It expects Afterpay shareholders will own around 18.5% of the combined company when the deal completes.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/square-agrees-to-acquire-afterpay-for-29-billion-in-all-stock-deal-11627855390?mod=hp_lead_pos3><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Updated on August 2, 2021 ET 04:19 AM)\n\n\nSquare fell over 5% in premarket trading.\n\nAustralian installment-payment company positions its service as a cheaper, more responsible alternative to a credit...</p>\n\n<a href=\"https://www.wsj.com/articles/square-agrees-to-acquire-afterpay-for-29-billion-in-all-stock-deal-11627855390?mod=hp_lead_pos3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/square-agrees-to-acquire-afterpay-for-29-billion-in-all-stock-deal-11627855390?mod=hp_lead_pos3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106026316","content_text":"(Updated on August 2, 2021 ET 04:19 AM)\n\n\nSquare fell over 5% in premarket trading.\n\nAustralian installment-payment company positions its service as a cheaper, more responsible alternative to a credit card\nYDNEY—SquareInc. has agreed to an all-stock deal valued at around $29 billion to acquire Australia’s AfterpayLtd., an installment-payment company that positions its service as a cheaper and more responsible alternative to a credit card.\nSquare said it plans to integrate Afterpay into its Seller and Cash App business units, which would allow more retailers to offer so-called buy now, pay later services at checkout.\nAfterpay’s technology allows users to pay for goods in four interest-free installments, while receiving the goods immediately. Customers pay a fee only if they miss an automated payment, a transgression that also locks their account until the balance is repaid. Afterpay says this limits bad debts, particularly in a downturn when job security is shaky and household finances are stretched.\nMost of Afterpay’s revenue comes from retail merchants, which pay a percentage of the value of each order placed by customers, plus a fixed fee. The company is expanding across the U.S. through deals with retailers including Anthropologie and Free People.\n“Square and Afterpay have a shared purpose,” said Jack Dorsey, Square’s chief executive. “We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles.”\nAfterpay, Australia’s largest tech company by market capitalization, said the deal implies a value of around 126.21 Australian dollars (about US$92.66) for each of its shares, representing a 31% premium to its closing price on Friday.\nAfterpay said its shareholders will receive 0.375 share of Square Class A common stock for each Afterpay share that they own. It expects Afterpay shareholders will own around 18.5% of the combined company when the deal completes.","news_type":1,"symbols_score_info":{"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143216981,"gmtCreate":1625795703043,"gmtModify":1633937243398,"author":{"id":"3576793162010351","authorId":"3576793162010351","name":"KayakerSG","avatar":"https://static.tigerbbs.com/f0cf0909f009a74cc22c2e01c7db158b","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576793162010351","authorIdStr":"3576793162010351"},"themes":[],"htmlText":"Ape strong","listText":"Ape strong","text":"Ape strong","images":[{"img":"https://static.tigerbbs.com/c9dfb4df321790fafd542e264b3fa862","width":"1080","height":"2492"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143216981","isVote":1,"tweetType":1,"viewCount":1597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":false}