iTWire Square to buy Afterpay Global payments provider Square is set to buy Australia’s buy now pay later platform Afterpay in a deal which values the company at $39 billion. Widespread media reports, including by the national broadcaster the ABC this morning, report that Square is planning to takeover Afterpay in a deal that would be the biggest takeover in Australian sharemarket history. The deal is expected to close in the first three months of next year. Square is run by Twitter co-founder and American billionaire technology entrepreneur and philanthropidst Jack Dorsey. Data and global analytics company GlobalData reports that Square’s announcement to acquire Afterpay is the latest development in the BuyNowPayLater (BNPL) space, as it looks to expand into the growing market.