ContextLogic Completes Sale of Substantially All Operating Assets and Liabilities Associated with Wish to Qoo10
ContextLogic Inc. - Class A (WISH)
NASDAQ:AMEX Investor Relations:
wrightinvestorsservice.com/investor-relations
Company Research
Source: GlobeNewswire
Transaction Enables Company to Preserve ~$2.7 Billion of Net Operating Losses (NOLs) Rishi Bajaj Appointed Chief Executive Officer; Four New Independent Directors Join Board of Directors SAN FRANCISCO, April 19, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (NASDAQ: WISH) (“ContextLogic” or the “Company”), today announced that it has completed its previously announced transaction with Qoo10 Pte. Ltd. (“Qoo10”). As disclosed, ContextLogic entered into an agreement to sell substantially all of the Company’s operating assets and liabilities, principally comprising its Wish ecommerce platform, to Qoo10, for approximately $161 million in cash, after purchase price adjustments. “We would like to thank our stockholders for their support of this value-maximizing transaction,” said Rishi Bajaj, Chief Executive Officer and Chairman of the Board. “Looking ahead, the new Board and management team will target profitable operations as we seek to realize the significant value of our NOLs for the b
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WISH
News
- ContextLogic to Announce First Quarter 2024 Results on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
- ContextLogic to Announce First Quarter 2024 Results on May 8, 2024GlobeNewswire
- ContextLogic Completes Sale of Substantially All Operating Assets and Liabilities Associated with Wish to Qoo10 [Yahoo! Finance]Yahoo! Finance
- ContextLogic announces stockholder approval of transaction with Qoo10 [Seeking Alpha]Seeking Alpha
- ContextLogic Announces Stockholder Approval of Transaction with Qoo10 [Yahoo! Finance]Yahoo! Finance
WISH
Earnings
- 8/3/23 - Beat
WISH
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- WISH's page on the SEC website