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(Reuters) -Buy now pay later (BNPL) firm Zip Co Ltd said on Monday it would buy U.S.-based Sezzle Inc in a A$491 million ($352.59 million) deal, as it looks to further expand its reach in the United States and take on rivals such as Afterpay.
Sezzle shareholders would receive 0.98 Zip ordinary shares for each Sezzle stock, the Australian payments firm said, adding that it will own about 78% of the combined group. The company also expects the deal to be EBTDA and cash-flow positive during financ...
>>> Read more: Buy now, pay later firm Zip to buy U.S. rival Sezzle in $352 million deal
Sezzle shareholders would receive 0.98 Zip ordinary shares for each Sezzle stock, the Australian payments firm said, adding that it will own about 78% of the combined group. The company also expects the deal to be EBTDA and cash-flow positive during financ...
>>> Read more: Buy now, pay later firm Zip to buy U.S. rival Sezzle in $352 million deal
