Last month, Block ( ) completed the acquisition of Afterpay, one of the three leading “Buy Now Pay Later” players in the world (the other two being Affirm and Klarna). At the moment of announcement in August, 2021, the transaction valued Afterpay at $29 billion. However, this was an all stock deal, so Block paid under $12 billion given the brutal decline of Block’s share price since the announcement of the acquisition. Let’s break down what Block acquired in Afterpay using company’s
What did Block buy: Afterpay in numbers
What did Block buy: Afterpay in numbers
What did Block buy: Afterpay in numbers
Last month, Block ( ) completed the acquisition of Afterpay, one of the three leading “Buy Now Pay Later” players in the world (the other two being Affirm and Klarna). At the moment of announcement in August, 2021, the transaction valued Afterpay at $29 billion. However, this was an all stock deal, so Block paid under $12 billion given the brutal decline of Block’s share price since the announcement of the acquisition. Let’s break down what Block acquired in Afterpay using company’s