Shopify to Acquire Warehouse Firm 6 River Systems For $450 Million
OTTAWA, Canada & WALTHAM, MA 17th September 2019- Shopify the leading multi-channel ecommerce platform looking to acquire warehouse firm 6 River Systems.
Shopify will acquire all of 6 River Systems’ outstanding securities in a transaction valued at approximately USD$450 million, consisting of approximately 60% in cash and 40% in Shopify Class A Subordinate Voting Shares. Included in this amount are Shopify Class A shares and options valued at approximately $69 million that will be issued to 6 River Systems’ founders and employees that will vest subject to certain conditions and will be treated as stock-based compensation.
In June, Shopify introduced the Shopify Fulfillment Network, a powerful and trusted fulfillment network that will ensure timely deliveries, lower shipping co...