Square is buying Afterpay in the largest public M&A deal in Australia’s history.
August 02, 2021 at 12:14 PM
3 minute read
Correspondent, Sydney
King & Wood Mallesons and Wachtell, Lipton, Rosen & Katz have advised U.S. payments provider Square on its deal to buy Australian buy-now-pay-later company Afterpay, in the largest public M&A deal in Australia’s history.
Afterpay was advised by Australian firm Gilbert + Tobin and U.S.-based Cravath, Swaine & Moore in the all-scrip deal with an implied value of A$39 billion (US$29 billion).
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Square Inc. logo. Credit: Sergei Elagin/Shutterstock.com
