Block - M&A Summary and Business Overview

Financial ServicesCompany

Block M&A Summary

Block has acquired 17 companies, including 6 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Block’s largest acquisition to date was in 2021, when it acquired Afterpay Limited for $27.8B. It’s largest disclosed sale occurred in 2019, when it sold Caviar to Doordash for $410M. Block has acquired in 5 different US states, and 3 countries. The Company’s most targeted sectors include internet software and services (71%) and digital media (6%).

Block Business Overview

Where is Block headquartered?

Block is headquartered in San Francisco, California.

What is Block’s revenue?

Block disclosed revenue of 17,532M USD for 2022 and 17,661M USD for 2021.

How many employees does Block have?

Block has 12,400 employees.

What sector is Block in?

Block is a financial services company.

When was Block founded?

Block was founded in 2009.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity17
    • M&A Sell Activity1
  • Total Sectors Invested 6
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4
  • M&A Advisors 5

Block

Block, Inc.

1455 Market Street Suite 600,
San Francisco, California 94103
United States,
(415) 375-3176
www.block.xyz

Block is a financial services and mobile payments company. Block provides a range of services to help businesses manage their payments, including hardware and software solutions for point-of-sale transactions, online payments, and invoicing. The Company's flagship product is the Square Reader, a small device that attaches to smartphones or tablets to enable credit and debit card payments. Block has expanded its offerings to include payroll, loans, and other financial services aimed at helping small businesses grow and succeed. Block was formed in 2009 and is based in San Francisco, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 11 1 3 1 1 - 17
vol $455M $50M $28.1B $28.6B
Sell (0.0/yr) # 1 - - - - - 1
vol $410M $410M
  18

Most Recent M&A

Company Date Value Type
TIDAL Music LLC 2023-10-12 - Add-on Acquisition
Brooklyn, New York · www.hi.fi
GoParrot 2022-05-18 - Add-on Acquisition
New York, New York · www.goparrot.ai
Afterpay Limited 2021-08-01 27.8B AUD Add-on Acquisition
Melbourne, Australia · www.afterpay.com
Speramus, Inc. 2021-07-14 - Add-on Acquisition
San Francisco, California · www.crewapp.com
TIDAL 2021-03-04 297M USD Add-on Acquisition
New York, New York · www.tidal.com
Credit Karma Tax 2020-11-25 50M USD Divestiture
San Francisco, California
Caviar 2019-08-01 410M USD Divestiture
San Francisco, California · www.trycaviar.com
Weebly, Inc. 2018-04-26 365M USD Add-on Acquisition
San Francisco, California · www.weebly.com
Zesty.io 2018-04-19 - Add-on Acquisition
San Diego, California · www.zesty.io
Entrees On-Trays 2018-01-25 - Add-on Acquisition
Fort Worth, Texas · www.entreesontrays.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 12 (71%) 505M (2%) 1 (100%) 410M (100%)
Digital Media 1 (6%) 297M (1%) - -
Financial Services 1 (6%) 27.8B (97%) - -
Media 1 (6%) - - -
Semiconductors 1 (6%) - - -
Software 1 (6%) - - -
Total 17 $28.6B 1 $410M

By Geo

State/Country Buy Value Sell Value
United States 15 802M 1 410M
  California 9 505M 1 410M
  New York 3 297M - -
  Washington 1 - - -
  Texas 1 - - -
  Pennsylvania 1 - - -
Australia 1 27.8B - -
Canada 1 - - -
  Ontario 1 - - -
Domestic 15 (88%) 802M (3%) 1 (100%) 410M (100%)
Cross-border 2 (12%) 27.8B (97%) - -
Total 17 $28.6B 1 $410M

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Legal Deals
King & Wood Mallesons
1
Fenwick & West LLP
1
Wachtell, Lipton, Rosen & Katz
1

Deal Values

buy # Total
> $1B 1 $27.8B
$100M to $1B 2 $662M
< $100M 2 $140M
TOTAL $28.6B
Largest Afterpay Limited
$27.8B (2021-08-01)
sell # Total
$100M to $1B 1 $410M
TOTAL $410M
Largest Caviar
$410M (2019-08-01)

M&A Connections

Deals
Acquired from
Investor(s)
12%
2 (12%)
Strategic(s)
6%
1 (6%)
Divested to
Strategic(s)
100%
1 (100%)

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