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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Layoffs confirmed at Servus Credit Union as company enters ‘transition’ | Globalnews.ca'Staffing changes are often necessary to realize an organization's full potential,' Servus Credit Union's Chief Transformation Officer Michelle Belland said Tuesday. Involuntary'Leaving Us' 🤔🤨 And yet when you call you are likely greeted with the standard 'due to the high volume of calls there is an extended wait time'... Huh?!?
Source: GlobalNational - 🏆 81. / 51 Read more »
Ontario gaming regulator fines 2 gambling companies for alleged infractions | Globalnews.caThe Alcohol and Gaming Commission of Ontario served BetMGM Canada and PointsBet Canada with penalty notices for alleged advertising and incentive breaches. Does WayneGretzky know about this ? Shame on Ontario. fordnation “According to the AGCO, BetMGM broke its rules in a tweet that said “the more money you put in per bet, the higher your chance is of winning.” The rules stipulate advertisements must be “truthful” & “not mislead players or misrepresent products.”
Source: GlobalNational - 🏆 81. / 51 Read more »