The AFR View
Afterpay’s spectacular global success
Afterpay’s record-breaking deal proves that distance is no barrier in the digital age to Australian tech innovators building global reach.
If approved by shareholders, the $39 billion takeover of home-grown fintech disrupter Afterpay by Twitter founder Jack Dorsey’s US payments giant Square will be Australia’s biggest ever merger and acquisition deal by far.
Never before in Australian corporate history has so much wealth been created so quickly. Nor has an Australian business expanded so far and so fast into a global brand, becoming the verb for the burgeoning buy now, pay later sector.
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