SYDNEY -- Australia's Zip, a company that offers installment payment services, will buy out all shares of U.S. counterpart QuadPay in a deal that values the target at about 400 million Australian dollars ($270 million).
Zip, which purchased 14% of QuadPay last year, will acquire the remaining shares through an equity swap. QuadPay's shareholders will own as much as 23.3% of Zip.
