ContextLogic announces stockholder approval of transaction with Qoo10

seekingalpha04-19

ContextLogic (NASDAQ:WISH) on Friday announced that its stockholders approved the asset sale transaction with Qoo10 Pte at yesterday’s special meeting of stockholders. The transaction is expected to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2428562786?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1210901779/image_1210901779.jpg","is_english":true,"pubTime":"2024-04-19 20:39","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2428562786","market":"hk","top_or_hot":-1,"title":"ContextLogic announces stockholder approval of transaction with Qoo10","media":"seekingalpha","content":"<div>\n<p>ContextLogic (NASDAQ:WISH) on Friday announced that its stockholders approved the asset sale transaction with Qoo10 Pte at yesterday’s special meeting of stockholders. The transaction is expected to ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091445-contextlogic-announces-stockholder-approval-of-transaction-with-qoo10\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ContextLogic announces stockholder approval of transaction with Qoo10</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nContextLogic announces stockholder approval of transaction with Qoo10\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 20:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4091445-contextlogic-announces-stockholder-approval-of-transaction-with-qoo10><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ContextLogic (NASDAQ:WISH) on Friday announced that its stockholders approved the asset sale transaction with Qoo10 Pte at yesterday’s special meeting of stockholders. The transaction is expected to ...</p>\n\n<a href=\"https://seekingalpha.com/news/4091445-contextlogic-announces-stockholder-approval-of-transaction-with-qoo10\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4547","symbol_name":"WSB热门概念","start_time":0,"source_url":"https://seekingalpha.com/news/4091445-contextlogic-announces-stockholder-approval-of-transaction-with-qoo10","article_id":"2428562786","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1210901779/image_1210901779.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428562786","pubTimestamp":1713530355,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"ContextLogic  on Friday announced that its stockholders approved the asset sale transaction with Qoo10 Pte at yesterday’s special meeting of stockholders. The transaction is expected to close later today, April 19, 2024. ContextLogic in February, said it has agreed to sell its assets and liabilities, mainly its Wish e-commerce platform, for $173 million in cash to Singaporean e-commerce company Qoo10.  According to the preliminary results of the special meeting, about 51.5% of the company’s outstanding shares voted in favor of approving the asset sale. Furthermore, of the shares that were voted at the special meeting, about 97% of those shares voted in favor of the transaction. Source: Press Release    More on ContextLogic  ContextLogic: Deal With Qoo10 Provides Opportunity To Make Attractive Returns ContextLogic's Strategic Business Sale At $6.50 Per Share ContextLogic says Rishi Bajaj to become CEO after Qoo10 deal closing ContextLogic GAAP EPS of -$2.82 misses by $0.16, revenue of $","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4547":"WSB热门概念","BK4535":"淡马锡持仓","BK4122":"互联网与直销零售","BK4220":"综合零售"},"translate_title":"ContextLogic宣布股东批准与Qoo10的交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WISH":1},"content_text":"ContextLogic (NASDAQ:WISH) on Friday announced that its stockholders approved the asset sale transaction with Qoo10 Pte at yesterday’s special meeting of stockholders. The transaction is expected to close later today, April 19, 2024. ContextLogic in February, said it has agreed to sell its assets and liabilities, mainly its Wish e-commerce platform, for $173 million in cash to Singaporean e-commerce company Qoo10.  According to the preliminary results of the special meeting, about 51.5% of the company’s outstanding shares voted in favor of approving the asset sale. Furthermore, of the shares that were voted at the special meeting, about 97% of those shares voted in favor of the transaction. Source: Press Release    More on ContextLogic  ContextLogic: Deal With Qoo10 Provides Opportunity To Make Attractive Returns ContextLogic's Strategic Business Sale At $6.50 Per Share ContextLogic says Rishi Bajaj to become CEO after Qoo10 deal closing ContextLogic GAAP EPS of -$2.82 misses by $0.16, revenue of $53M misses by $0.06M Financial information for ContextLogic","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428562786"}