Shopify eyes acquiring Deliverr in deal that could top $2B

Apr. 20, 2022 2:27 PM ETShopify Inc. (SHOP), SHOP:CABy: Clark Schultz, SA News Editor57 Comments

Shopify sign on their headquarters building in Ottawa, Ontario, Canada

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Shopify Inc. (SHOP -12.1%) is said to be looking to make a move to help expand its fulfillment services with potential deal to acquire Deliverr.

Deliverr has described itself as a company that leveraged cutting-edge machine learning and optimization technology to build a smart fulfillment network. The stated corporate mission is to enable any merchant, regardless of size, to delight their customers with fast and cost-effective fulfillment.

Sources told Bloomberg that a deal could value San Francisco-based Deliverr at more than $2 billion.

Shares of Shopify (NYSE:SHOP) stumbled in Wednesday trading amid broad weakness across the tech sector and with online retail names.

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