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Why Ecommerce Platform ContextLogic Shares Are Rocketing Today

Benzinga

ContextLogic Inc (NASDAQ: WISH ) shares are rocketing today after the company planned to sell substantially all of its operating assets and liabilities related to its Wish ecommerce platform for about $173 million. The purchase price represents $6.50

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Online retailer Mytheresa among suitors for Yoox Net-a-Porter

Financial Times M&A

Private equity firms Bain Capital and Permira also interested in lossmaking ecommerce business owned by Richemont

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Shift and CarLotz Agree To Merge, Creating a Differentiated Used Auto Ecommerce Retailer

Benzinga

NASDAQ: SFT ), a leading end-to-end ecommerce platform for buying and selling used cars, and CarLotz, Inc. Based on the expected exchange ratio, upon the closing of the merger Shift's then-current equity holders will own approximately 52.9% SAN FRANCISCO and RICHMOND, Va., 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc.

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Shift and CarLotz Agree To Merge, Creating a Differentiated Used-Auto Ecommerce Retailer

Benzinga

NASDAQ: SFT ), a leading end-to-end ecommerce platform for buying and selling used cars, and CarLotz, Inc. Based on the expected exchange ratio, upon the closing of the merger Shift's then-current equity holders will own approximately 52.9% SAN FRANCISCO and RICHMOND, Va., 09, 2022 (GLOBE NEWSWIRE) -- Shift Technologies, Inc.

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Big Moves In Logistics: GXO Acquires PFSweb For $181M To Expand Its Luxury & Cosmetics Offerings

Benzinga

Logistics company GXO Logistics Inc (NYSE: GXO ) has entered into a definitive agreement to acquire eCommerce order fulfillment provider PFSweb Inc (NASDAQ: PFSW ) for $7.50 per share in cash, representing an equity value of approximately $181 million.

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FRP Corporate Finance advises on £25m Fresh Relevance sale

Accountancy Today

FRP Corporate Finance has announced its team has advised management and private equity investment manager Foresight Group LLP on its sale of e-commerce personalisation platform, Fresh Relevance for £25m.

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Walmart Q4 Earnings: Revenue And EPS Surprise, Dividend Hike, VIZIO Buyout And More

Benzinga

comp sales (ex-fuel) grew by 4.0%, with growth in eCommerce of 17%, led by pickup & delivery. Net sales from Walmart U.S. increased 3.4% Y/Y, Walmart International rose 17.6%, and Sam’s Club U.S. was up 2.0%. Walmart’s total U.S. Walmart U.S. Operating income rose 12.9% billion, and the margin expanded by 44 bps to 5.2%.