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JackChong91
2021-11-24

Global-E Online To Acquire Flow Commerce For ~$500M

Global-E Online Ltd has agreed to acquire Flow Commerce Inc, a technology-based cross-border e-comme

Global-E Online To Acquire Flow Commerce For ~$500M

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Flow Commerce, founded in 2015 by Rob Keve ...</p>\n\n<a href=\"https://www.benzinga.com/m-a/21/11/24273349/global-e-online-to-acquire-flow-commerce-for-500m\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GLBE":"Global-E Online Ltd."},"source_url":"https://www.benzinga.com/m-a/21/11/24273349/global-e-online-to-acquire-flow-commerce-for-500m","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147995035","content_text":"Global-E Online Ltd has agreed to acquire Flow Commerce Inc, a technology-based cross-border e-commerce software solution provider, for about $500 million. Flow Commerce, founded in 2015 by Rob Keve and Mike Bryzek, is based in Hoboken, NJ.\n\nThe purchase price comprises a base consideration of $425 million and up to $75 million in potential additional consideration based on specific financial results in 2021, plus $45 million in Global-E shares for certain assumed, performance-based vesting warrants for Flow Commerce shares.\nThe company expects the acquisition to strengthen its offering and capabilities, allowing access to the market of small merchants not currently eligible to use Global-E's services.\nFlow Commerce is expected to generate approximately $20 million in net revenues in the calendar year 2021.\nGlobal-E expects the deal to close during Q1 2022.\nGlobal-E Online held $395.8 million in cash and equivalents as of September 30, 2021.\nPrice Action: GLBE shares are trading higher by 2.75% at $54.12 on the last check Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1049,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Global-E Online To Acquire Flow Commerce For ~$500M

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