Contextlogic Stock Jumps As It Announces 173m Sale Of Wish Contextlogic announces agreement to sell substantially all operating assets and liabilities associated with wish to qoo10 for $173 million in cash 44% premium to contextlogic’s closing stock. Contextlogic jumps as it announces $173m sale of wish to qoo10 (update) feb. 12, 2024 8:20 am et contextlogic inc. (logc) stock by: joshua fineman , sa news editor 18 comments alexsl istock.
Contextlogic Announces Agreement To Sell Substantially All Operating The purchase price is $6.50 per share, a 44% premium to conextlogic's closing price on friday, according to a statement on monday following close of the deal. contextlogic would remain the. As disclosed, contextlogic entered into an agreement to sell substantially all of the company’s operating assets and liabilities, principally comprising its wish ecommerce platform, to qoo10. Feb. 12, 2024, 09:27 am. (rttnews) monday, contextlogic inc. (wish) announced that it has agreed to sell all of its operating assets and liabilities, which include its popular wish e commerce. Monday, contextlogic inc. (wish) announced that it has agreed to sell all of its operating assets and liabilities, which include its popular wish e commerce platform, to qoo10 for a cash payment of approximately $173 million. the deal, which is anticipated to be finalized in the second quarter of 2024, represents a 44 percent premium over the.
Qoo10 Expands E Commerce Reach With 173m Wish Acquisition Feb. 12, 2024, 09:27 am. (rttnews) monday, contextlogic inc. (wish) announced that it has agreed to sell all of its operating assets and liabilities, which include its popular wish e commerce. Monday, contextlogic inc. (wish) announced that it has agreed to sell all of its operating assets and liabilities, which include its popular wish e commerce platform, to qoo10 for a cash payment of approximately $173 million. the deal, which is anticipated to be finalized in the second quarter of 2024, represents a 44 percent premium over the. The sale of wish to qoo10 represents a relatively positive outcome for contextlogic shareholders, with the purchase price of $173 million equating to approximately $6.50 per share, a 44% premium on the stock’s closing price on feb. 9, 2024. Michelle f. davis. the parent of discount online retailer wish has agreed to sell its assets and liabilities for $173 million to singaporean e commerce company qoo10. contextlogic inc. will sell assets including wish to qoo10 for $6.50 per share in cash, according to a statement on monday that confirmed a bloomberg news report.
Contextlogic To Sell Operating Assets And Liabilities Associated With The sale of wish to qoo10 represents a relatively positive outcome for contextlogic shareholders, with the purchase price of $173 million equating to approximately $6.50 per share, a 44% premium on the stock’s closing price on feb. 9, 2024. Michelle f. davis. the parent of discount online retailer wish has agreed to sell its assets and liabilities for $173 million to singaporean e commerce company qoo10. contextlogic inc. will sell assets including wish to qoo10 for $6.50 per share in cash, according to a statement on monday that confirmed a bloomberg news report.
Contextlogic To Sell Wish Ecommerce Platform To Qoo10
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