$Shopify(SHOP.US)$ is in talks to buy technology startup Deliverr, according to people familiar with the matter, a move that would help the Canadian e-commerce company expand in fulfillment services, Bloomberg News is reporting Wednesday.
A deal could value San Francisco-based Deliverr at more than US$2 billion, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and discussions could fall apart, the people added.
A representative for Shopify declined to comment while representatives for Deliverr didn’t immediately respond to requests for comment.
Closely held Deliverr helps merchants on $Amazon(AMZN.US)$, $eBay(EBAY.US)$ and other online marketplaces get products to consumers in two days or less, according to its website. The report noted fast-shipping has become a must-have service for retailers, as the booming online shopping market became increasingly competitive during the pandemic.
(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)