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ASX200 climbs; QuickFee surges 13% on Jim’s deal; Crown soars 16% on Blackstone takeover offer.

  • The ASX200 is trading 0.12% higher at 7388.40 after lunchtime.
  • QuickFee surges 13% on partnership with Jim’s franchise in Aus.
  • Crown Resorts soars 16% on revised Blackstone takeover bid.

The Australian market is trading 0.12% higher today at 7388.40 after lunchtime as health care and consumer staples stocks lead gains on the key index.

The tech sector’s rally has ended today amid a broad tech sell-off, led by Wisetech Global falling 2.58%, Afterpay shedding 1.83% and Appen trading 0.99% lower.

Bitcoin continues to tumble this afternoon, trading 6.32% lower over the last 24-hours at US$56,704.80.

Payment processing fintech company QuickFee is surging 13.51% today after announcing it has acquired the rights to Jim’s Pay Plan franchise to provide payment plans to over 4400 Jim’s Group franchises and their customers across Australia. Under the deal using QuickFee’s BNPL offerings, Jim’s franchisees will be able to offer customers the option to pay in 4,6,9, or 12-month instalments.

Making headlines, Crown Resorts’ share price is soaring 16% today after the embattled resort and casino giant received a fresh takeover offer of $12.50/cash per share from US giant Blackstone. The offer is Blackstone’s third revision, coming in at a 15c/share premium on the previously rejected offer and values Crown at $8.5 billion.

And Barbie has joined the all-electric car bandwagon, rolling her new all-electric, one-of-a-kind, life-size Fiat into the LA Auto Show featuring a pink leather interior, rainbow wheels, star-shaped headlights and curvy wings.

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