https://apnews.com/8a23fc9289b8bbaae73ab1f17f59acf7

Digital payments company Square Inc. says it has agreed to acquire Afterpay, which provides a “buy now, pay later’’ option for merchants, in an all-stock deal valued at about $29 billion.

Square said Sunday it has agreed to buy all of the Australian company’s shares, and that the transaction’s estimated value is based on last Friday's closing price of Square common stock.