Square to Open East Coast Headquarters in New York City

On the heels of opening a new massive headquarters in San Francisco, mobile payment company Square is now expanding its presence in New York City

Square, which allows users to accept credit card payments via mobile devices such as the iPhone, iPad and Android smartphones, will be opening an East Coast headquarters in the SoHo neighborhood of Manhattan this summer

This isn't Square's first set up in New York. When it acquired design agency 80/20 in 2012, it opened a small Manhattan office, but the new space has room to fit 350 employees.

The news comes amid rumors that Square could be acquired in the near future, with both Google and Apple reportedly interested in acquisition bids. But in a statement provided to Mashable, a Square spokesperson denied acquisition talks. Read more...