Canada's Shopify buys Lithuaina's Oberlo
2017-05-14, 10:07
Published in
Economy
BFL / Sarunas Mazeika
Canada's electronic commerce giant Shopify has purchased Lithuanian startup Oberlo for 15 million US dollars (about EUR 13.8 mln), Tomas Slimas, Oberlo co-founder. "We can confirm that we have handed over nearly all of our communication to Shopify," Slimas told. The deal was finalized on April 28, Valitas Capitals Partners said in its newsletter. Oberlo provides commodities cataloging services, which enable operators of electronic shops to resell chosen items without buying them.
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