Wish Marketplace Sold To Qoo10 Channelx Contextlogic, who own wish, have announced an agreement to sell the wish marketplace to qoo10. wish represents substantially all of contextlogic’s operating assets and liabilities. the selling price of around $173 million in cash represents approximately $6.50 per share and an approximately 44% premium to contextlogic’s closing stock price. San francisco based contextlogic announced it reached a deal to sell its online marketplace wish for $173 million. the transaction will see wish acquired by the singapore headquartered ecommerce platform qoo10 at a 99% markdown from the publicly traded company’s market cap in 2021. contextlogic will drop its current ticker symbol wish within.
Former Ecommerce Giant Wish Sold To Singapore S Qoo10 For Less Than 1 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. Wish marketplace sold to qoo10. 13 feb; 0; channelx is the leading provider of intelligence & news for all businesses and business people who ply their trade on. After years of decline, contextlogic has sold its discount shopping app wish for approximately $173 million in cash to qoo10, an ecommerce platform that operates localized online marketplaces throughout asia. qoo10 is headquartered in singapore and operates marketplaces in singapore, indonesia, malaysia, mainland china and hong kong. (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 platform, to qoo10 for a.
Wish Sold To Asian Ecommerce Platform Qoo10 For 173 Million Retail After years of decline, contextlogic has sold its discount shopping app wish for approximately $173 million in cash to qoo10, an ecommerce platform that operates localized online marketplaces throughout asia. qoo10 is headquartered in singapore and operates marketplaces in singapore, indonesia, malaysia, mainland china and hong kong. (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 platform, to qoo10 for a. Disclaimer: opinions expressed below belong solely to the author. in a painful fall from grace, the once viral low cost e commerce marketplace wish is to be acquired by singapore's qoo10 for just us$173 million in cash. almost exactly 3 years ago, in february 2021, the company's value peaked at over us$18 billion, following its ipo in december 2020. it was mostly downhill from there. image. Wish to sell for $173m. singapore based qoo10 snapped up the struggling marketplace at a discount, considering its $1.1 billion stock market debut. published feb. 14, 2024. daphne howland senior.
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