Afterpay's $29 billion buyout by Block set to close after Spain nod

Technology
Wednesday, 12 Jan 2022
8:04 AM MYT

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FILE PHOTO: Afterpay logo is displayed in this illustration taken, August 2, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) - Australian buy now, pay later firm Afterpay Ltd said on Wednesday its $29 billion buyout by payments firm Block Inc, previously known as Square Inc, has received approval from the Bank of Spain, making the deal fully unconditional.

With this approval, the companies can now implement the deal, which would be Block's biggest to date and the largest buyout ever of an Australian firm.

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Afterpay's $29 billion buyout by Block set to close after Spain nod