Earlier this month, almost a year after acquiring the logistics technology firm Deliverr for $2.1 billion, Shopify sold it to Flexport, along with its entire logistics unit, in exchange for 13 percent stake in the company. Shopify had previously invested in Flexport in 2022 so it owns the undisclosed stake, it had acquired as a result of that investment, in addition to the latest 13 percent.
Shopify's acquisitions: A visual overview
Shopify's acquisitions: A visual overview
Shopify's acquisitions: A visual overview
Earlier this month, almost a year after acquiring the logistics technology firm Deliverr for $2.1 billion, Shopify sold it to Flexport, along with its entire logistics unit, in exchange for 13 percent stake in the company. Shopify had previously invested in Flexport in 2022 so it owns the undisclosed stake, it had acquired as a result of that investment, in addition to the latest 13 percent.