RE: Update from Reuters11 Nov 2021 10:14
I got the impression he may have missed that too, as they clearly state they intend to complete the purchase by issuing Afterpay shares (not cash), which presumably would need to be before the takeover (although Afterpay will still have a secondary listing on ASX for existing shareholders but these shares don't have full voting rights).
There will be a lot of discussions happening around valuation. Thinksmart have it listed in their accounts at £125 million end of June, whereas Afterpay have the call option liability on their accounts at same time for $99,87 million aus dollars , circa £54.3 million (and they are both claiming the independent experts used the valuation principles from the SPA).