Hyperion Asset Management, which owns both Square and Afterpay, spoke to the Australian Financial Review this week on what shareholder approval of the Square and Afterpay merger means, the exciting potential of both companies and what can be expected from the combination of the two businesses.
Managing Director of Hyperion Asset Management Mark Arnold said the combination “increases the resilience of both businesses. We believe Afterpay will flourish within the Square ecosystem, as it gets access to its product development and its seller user base”.
Mark added there are “massive potential synergies” expected from the merger and looks forward to rolling Hyperion’s Afterpay position into Square. Mark told the AFR that Square’s listing on the ASX is “a huge win” for local investors and will provide greater access to “a high quality, innovative technology business”.
Read the full story: Square shareholders vote to approve Afterpay deal – Australian Financial Review.
This article was also published in the Australian Financial Review (print).
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