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Bullboard - Stock Discussion Forum Shopify Subordinate Voting Ord Shs Class A T.SHOP

Alternate Symbol(s):  SHOP

Technology Information Technology Services
Shopify Inc. (Shopify) is a Canada-based global commerce company. The Company provides essential Internet infrastructure for commerce, offering tools to start, grow, market and manage a retail business of any size. It provides platforms and services that are engineered and delivers a shopping experience for consumers online, in store and everywhere in between. Its software enables merchants to... see more

TSX:SHOP - Post Discussion

Shopify Subordinate Voting Ord Shs Class A > Shopify Completes Sale of Shopify Logistics to Flexport
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Post by Betteryear2 on Jun 06, 2023 9:20am

Shopify Completes Sale of Shopify Logistics to Flexport

Internet, Everywhere--(Newsfile Corp. - June 6, 2023) - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, announces that it has completed the previously announced sale of the majority of its former Shopify Logistics business to Flexport, a leading tech-driven global logistics platform, in accordance with the transaction agreement dated May 3, 2023. In connection with the sale, Shopify received stock representing a 13% equity interest in Flexport, which is incremental to its existing equity interest in Flexport. This transaction takes the logistics solution Shopify has been building and places it in the hands of a trusted and mission-aligned partner, Flexport.

Shopify Completes Sale of Shopify Logistics to Flexport (newsfilecorp.com)
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