Who owns Afterpay & how much does it cost?

Afterpay was founded in 2014 and allows customers to pay in instalments. (Supplied: Afterpay) US payments giant Square plans to buy Afterpay, in a deal that values the Australian buy now, pay later firm at $39 billion.

What is square's acquisition of Afterpay?

Earlier this month, Square (NYSE: SQ) announced that it is acquiring Afterpay for nearly $30 billion, marking one of the largest acquisitions to date in the still budding fintech industry. Australia-based Afterpay is a buy-now-pay-later (BNPL) company, putting at the center of a concept that fintech is refreshing.

What would Afterpay shareholders get from a better offer?

Shareholders would receive 0.375 Square stock for each Afterpay share they own, which would see Afterpay investors owning approximately 18.5 per cent of the new company. Afterpay's board Unanimously endorsed the deal in the absence of a better offer, saying an independent expert concluded it was in the best interests of shareholders.

Who are Afterpay's financial advisors?

Goldman Sachs and Qatalyst Partners are serving as financial advisors to Afterpay, Highbury Partnership is serving as financial advisor to Afterpay’s Board and Gilbert + Tobin and Cravath, Swaine & Moore LLP are serving as Afterpay’s legal advisors.