ContextLogic jumps as it announces $173M sale of Wish to Qoo10 (update)

Feb 12, 2024 11:11 pm | News

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Update 8:20am: Adds company confirmation.

ContextLogic (NASDAQ:WISH), the parent of discount online retailer Wish, soared 29% after it agreed to sell its assets and liabilities, mainly its Wish ecommerce platform, for $173 million in cash to Singaporean e-commerce company Qoo10.

The

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