The $39 billion takeover of Afterpay has been delayed until February of next year, according to Sky News business reporter Edward Boyd.
The Bank of Spain has put a stop to the takeover as Afterpay’s Spain business, Clearpay, has not been given regulatory approval.
Afterpay’s shareholders were meant to vote next week on the deal but the vote has been delayed until 2022.
The company looking to purchase Afterpay, Square, believes by then the Bank of Spain will have given it a tick of approval.
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