ContextLogic Sells E-Commerce Assets for $170 Million and Launches Business Ownership Platform
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ContextLogic Holdings Inc. is selling its e-commerce assets for $170 million and transitioning into a business ownership platform. The deal involves Abrams Capital and BC Partners, with existing shareholders retaining 60% equity. The transaction is expected to close in the first half of 2026, followed by a listing on a national securities exchange. Changes to the board include David Abrams and Raja Bobbili, with Bobbili becoming Chairman.
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