Australia's Zip to acquire two buy-now-pay-later firms for A$160m

Reuters2021-05-24

[BENGALURU] Australia's Zip Co said on Monday it would acquire two buy-now-pay-later (BNPL) companies operating in Europe and the Middle East for a combined consideration of about A$160 million (S$164.7 million).

Zip will buy all the shares it does not already own in Europe-focused Twisto for about A$140 million, the company said, adding that the purchase would complement its presence in the United Kingdom.

The company also said it would acquire all the shares it does not hold in Spotii for A$21 million. Spotii is operational in the United Arab Emirates and Saudi Arabia, and Zip expects the acquisition to occur in the third quarter of 2021.

After reporting record quarterly earnings last month, Zip had said it would raise A$400 million through senior unsecured convertible notes to fund its expansion plans.

The company has been steadily beefing up its international footprint, picking up a strategic stake in the Philippines-based firm TendoPay and making a soft launch in Canada during the last quarter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

88_TWB_88
2021-05-24
88_TWB_88
Comment & Like thks
EY12
2021-05-24
EY12
Like & comment[微笑]
ycwoo
2021-05-24
ycwoo
Like pls
- Eellen:
  Like and comment
- heximania:
  ofc
masterneo
2021-05-24
masterneo
Morning
- L1324:
  g' morning too
VSkemama
2021-05-24
VSkemama
Good morning all. Appreciate it if you could like and comment pls.
- heximania:
  sure
Ivarboneless
2021-05-24
Ivarboneless
Wow

Leave a comment

12

73

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1175885816?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-24 09:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1175885816","market":"us","top_or_hot":-1,"title":"Australia's Zip to acquire two buy-now-pay-later firms for A$160m","media":"Reuters","content":"<p>[BENGALURU] Australia's Zip Co said on Monday it would acquire two buy-now-pay-later (BNPL) companies operating in Europe and the Middle East for a combined consideration of about A$160 million (S$164.7 million).</p><p>Zip will buy all the shares it does not already own in Europe-focused Twisto for about A$140 million, the company said, adding that the purchase would complement its presence in the United Kingdom.</p><p>The company also said it would acquire all the shares it does not hold in Spotii for A$21 million. Spotii is operational in the United Arab Emirates and Saudi Arabia, and Zip expects the acquisition to occur in the third quarter of 2021.</p><p>After reporting record quarterly earnings last month, Zip had said it would raise A$400 million through senior unsecured convertible notes to fund its expansion plans.</p><p>The company has been steadily beefing up its international footprint, picking up a strategic stake in the Philippines-based firm TendoPay and making a soft launch in Canada during the last quarter.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australia's Zip to acquire two buy-now-pay-later firms for A$160m</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralia's Zip to acquire two buy-now-pay-later firms for A$160m\n</h2>\n\n<h4 class=\"meta\">\n\n2021-05-24 09:15 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[BENGALURU] Australia's Zip Co said on Monday it would acquire two buy-now-pay-later (BNPL) companies operating in Europe and the Middle East for a combined consideration of about A$160 million (S$...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":null,"article_id":"1175885816","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175885816","pubTimestamp":1621818902,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"[BENGALURU] Australia's Zip Co said on Monday it would acquire two buy-now-pay-later (BNPL) companie","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"澳大利亚将以1.6亿澳元收购两家“现买现付”公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"[BENGALURU] Australia's Zip Co said on Monday it would acquire two buy-now-pay-later (BNPL) companies operating in Europe and the Middle East for a combined consideration of about A$160 million (S$164.7 million).Zip will buy all the shares it does not already own in Europe-focused Twisto for about A$140 million, the company said, adding that the purchase would complement its presence in the United Kingdom.The company also said it would acquire all the shares it does not hold in Spotii for A$21 million. Spotii is operational in the United Arab Emirates and Saudi Arabia, and Zip expects the acquisition to occur in the third quarter of 2021.After reporting record quarterly earnings last month, Zip had said it would raise A$400 million through senior unsecured convertible notes to fund its expansion plans.The company has been steadily beefing up its international footprint, picking up a strategic stake in the Philippines-based firm TendoPay and making a soft launch in Canada during the last quarter.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":131945495,"gmtCreate":1621823593717,"gmtModify":1704362831579,"author":{"id":"3582503329600891","authorId":"3582503329600891","name":"88_TWB_88","avatar":"https://static.tigerbbs.com/00cb7ae6d4c8f5f282b6f3a594a2c648","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Comment &amp; Like thks","listText":"Comment &amp; Like thks","text":"Comment & Like thks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131945495","repostId":1175885816,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":131953755,"gmtCreate":1621822774877,"gmtModify":1704362811888,"author":{"id":"3569935580474431","authorId":"3569935580474431","name":"EY12","avatar":"https://static.tigerbbs.com/103e86782b34598ff73873d5f9259adb","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Like &amp; comment[微笑]&nbsp;","listText":"Like &amp; comment[微笑]&nbsp;","text":"Like & comment[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131953755","repostId":1175885816,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":131961428,"gmtCreate":1621822006564,"gmtModify":1704362785582,"author":{"id":"3565146699964497","authorId":"3565146699964497","name":"ycwoo","avatar":"https://community-static.tradeup.com/news/2f48b4bbc66c0bf509f7199142c1a2f2","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/131961428","repostId":1175885816,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4429306,"gmtCreate":1621833231648,"gmtModify":1680790605941,"authorId":3574771607647825,"author":{"id":3574771607647825,"authorId":3574771607647825,"name":"Eellen","avatar":"https://static.tigerbbs.com/0cbc0a268b9b34bfdb5dbf82ce98d474","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131961428,"type":1,"supId":0,"prevId":0,"content":"Like and comment ","text":"Like and comment ","html":"Like and comment "},{"id":4427401,"gmtCreate":1621822425147,"gmtModify":1680790573716,"authorId":3581984444466168,"author":{"id":3581984444466168,"authorId":3581984444466168,"name":"heximania","avatar":"https://static.tigerbbs.com/bd86363b09433494d0d0ca373221939c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131961428,"type":1,"supId":0,"prevId":0,"content":"ofc","text":"ofc","html":"ofc"}],"langContent":"EN"},{"id":131961349,"gmtCreate":1621821984181,"gmtModify":1704362784442,"author":{"id":"3583923504215971","authorId":"3583923504215971","name":"masterneo","avatar":"https://static.tigerbbs.com/a460073e0544cf383ee42846c7417134","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Morning&nbsp;","listText":"Morning&nbsp;","text":"Morning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131961349","repostId":1175885816,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4427432,"gmtCreate":1621822556596,"gmtModify":1680790573504,"authorId":3574119575606145,"author":{"id":3574119575606145,"authorId":3574119575606145,"name":"L1324","avatar":"https://static.tigerbbs.com/b05b9f32dd8af2590c80da38d48e37fc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131961349,"type":1,"supId":0,"prevId":0,"content":"g' morning <u>too</u>","text":"g' morning <u>too</u>","html":"g' morning <u>too</u>"}],"langContent":"EN"},{"id":131917934,"gmtCreate":1621821422228,"gmtModify":1704362766163,"author":{"id":"3581645176053205","authorId":"3581645176053205","name":"VSkemama","avatar":"https://static.tigerbbs.com/152a99fdc4377699d227035746bb7293","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good morning all. Appreciate it if you could like and comment pls.","listText":"Good morning all. Appreciate it if you could like and comment pls.","text":"Good morning all. Appreciate it if you could like and comment pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131917934","repostId":1175885816,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4427403,"gmtCreate":1621822432376,"gmtModify":1680790573450,"authorId":3581984444466168,"author":{"id":3581984444466168,"authorId":3581984444466168,"name":"heximania","avatar":"https://static.tigerbbs.com/bd86363b09433494d0d0ca373221939c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":131917934,"type":1,"supId":0,"prevId":0,"content":"sure","text":"sure","html":"sure"}],"langContent":"EN"},{"id":131911305,"gmtCreate":1621821036407,"gmtModify":1704362758391,"author":{"id":"3555543339613385","authorId":"3555543339613385","name":"Ivarboneless","avatar":"https://static.tigerbbs.com/3f76591f1325086e8566d40557800ab0","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131911305","repostId":1175885816,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":73,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1175885816"}