December 27, 2024
Operating Assets

ContextLogic Announces Agreement to Sell Substantially All Operating Assets and Liabilities Associated with Wish to Qoo10 for $173 Million in Cash

Wish Purchase Price Represents Approximately $6.50 Per Share, a 44% Premium ContextLogic to Remain as Publicly Listed Entity, Preserving ~$2.7 Billion of Net Operating Losses (NOLs) Board Exploring Opportunity for Financial Sponsor to Help ContextLogic Inc. Monetize Value of NOLs Board Concludes Comprehensive Review of Strategic Alternatives; Unanimously Approves Transaction Board Also Adopts Tax Benefits

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Operating Assets

ContextLogic to Sell Wish eCommerce Platform to Qoo10

ContextLogic has announced an agreement to sell a significant portion of its operating assets and liabilities, including its eCommerce platform Wish, to Qoo10, an eCommerce platform operating in Asia. The transaction is valued at approximately $173 million in cash, ContextLogic said in a Monday (Feb. 12) press release. Following the completion of the transaction, ContextLogic

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