The Wall Street Journal: Square to buy Australia’s Afterpay in $29 billion deal

United States

Square Inc. SQ, -3.14%  has agreed an all-stock deal worth around $ 29 billion to acquire Australia’s Afterpay Ltd. APT, -5.28%, an installment-payment company that positions its service as a cheaper and more responsible alternative to a credit card.

This is a breaking story and will be updated.

An expanded version of this report appears on WSJ.com.