Shopify Inc. says it has signed a deal to buy logistics company Deliverr Inc. in a deal valued at about US$2.1 billion.will pay about 80 per cent of the purchase price in cash and 20 per cent in Shopify shares.
Shopify CEO Tobi Lutke says the deal will help give businesses access to a simple and powerful logistics platform.News of the deal came as 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 on US$1.2 billion in revenue.
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