Twitter CEO Buys Australian ‘Buy Now, Pay Later’ Afterpay for $39bn

An Afterpay sign at a retail outlet at a Westfields shopping center in Sydney, Australia, on May 5, 2020. Daniel Teng/The Epoch Times

Twitter co-founder and CEO Jack Dorsey’s digital payments platform, Square, is entering a $39 billion (US$29 bn) agreement to acquire one of Australia’s leading buy-now-pay-later (BNPL) companies, Afterpay.

A successful deal will mark the biggest ever corporate buyout in Australian history.