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Block, Inc. (NYSE: XYZ) is a financial technology company dedicated to increasing access to the global economy. The company develops innovative tools and platforms that simplify commerce, financial services, and cryptocurrency management for individuals and businesses. Its diverse portfolio includes solutions for payment processing, personal finance, Buy Now, Pay Later services, music streaming, and Bitcoin-related products.
- Square - Provides tools and services for commerce and financial transactions, including payment processing and point-of-sale systems tailored for small and medium-sized businesses.
- Cash App - Offers a platform for individuals to send, spend, and store money, simplifying personal financial transactions.
- Afterpay - Enables customers to manage spending over time through a Buy Now, Pay Later service, serving over 400,000 merchants and 24 million customers globally.
- TIDAL - Empowers artists as entrepreneurs by offering a music streaming platform with tools and resources to manage their careers.
- Bitkey - Provides a self-custody wallet for Bitcoin, designed to simplify cryptocurrency management for users.
- Proto - Delivers Bitcoin mining products and services, reflecting the company's involvement in cryptocurrency and blockchain technology.
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Afterpay Limited | 2022 | Block, Inc. completed the acquisition on January 31, 2022, issuing 113,617,352 shares valued at approximately $13.8 billion and later redeeming outstanding convertible notes of AU $1.5 billion (U.S. $1.1 billion). The acquisition, treated as a business combination, was strategically aimed at integrating buy now, pay later options into Block’s Square and Cash App ecosystems, complemented by key leadership changes. |
No recent press releases or 8-K filings found for XYZ.