Published 2 years ago

Shopify to buy logistics firm Deliverr in $2.1 bln deal

Summary by Ground News

Shopify CEO Tobi Lutke says the deal will help give businesses access to a simple and powerful logistics platform. The transaction is expected to close following regulatory review. Shopify, which keeps its books in U.S. dollars, reported a first-quarter loss of US$1.5 billion or US$11.70 per diluted share.

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CTV News

Shopify signs deal to buy logistics company Deliverr for US$2.1 billion

Shopify Inc. announced a deal Thursday to buy logistics company Deliverr Inc. in a deal valued at about US$2.1 billion.

2 years ago·Canada

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Reuters

Shopify to buy logistics firm Deliverr in $2.1 bln deal

Canada's Shopify , said on Thursday it would buy U.S.-based logistics firm Deliverr in a cash-and-stock deal valued at $2.1 billion, in a move to help mitigate supply chain snarls that have plagued the e-commerce sector.

2 years ago·United Kingdom

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Global News

Shopify reaches deal to buy logistics company Deliverr for US$2.1 billion - National | Globalnews.ca

Under the agreement, Shopify will pay about 80 per cent of the Deliverr purchase price in cash and 20 per cent in Shopify shares, the company says.

2 years ago·Toronto, Canada

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Financial Post

Shopify to buy logistics firm Deliverr for $2.1 billion

Shopify said on Thursday it would buy U.S.-based logistics firm Deliverr in a cash-and-stock deal valued at US$2.1 billion, in a move to help mitigate supply chain snarls that have plagued the e-commerce sector. Read More

2 years ago·Canada

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Bloomberg Quint

Shopify Sinks After Earnings Miss and $2.1 Billion Deliverr Deal

(Bloomberg) -- Shopify Inc. missed analysts’ estimates for revenue and profit and announced a $2.1 billion deal for startup Deliverr, the largest acquisition in its history. Continue Reading. Read more on Business News by BloombergQuint.

2 years ago·Mumbai, India

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