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 will remain as a publicly listed entity, preserving approximately $2.7 billion of net operating losses (NOLs), according to the release ...