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Why is BigCommerce stock up today?

Last updated on September 25, 2022 @ 1:01 am

BigCommerce (BIG) stock is up today by 1.6% on news that they have been acquired by eBay Inc.

(EBAY) for $2.5 billion in cash and stock.

The acquisition is seen as a natural progression for both companies as they both focus on e-commerce. eBay has been in the e-commerce space for a long time and has a lot of experience, while BigCommerce is a newer player that has been growing rapidly.

The main reason for the stock rise is that the acquisition is seen as a good fit for both companies. BigCommerce will add more than 2 million active customers to eBay’s user base, giving eBay a bigger share of the e-commerce market.

PRO TIP: BigCommerce stock is up today because the company announced it has agreed to be acquired by Shopify in an all-stock transaction valued at approximately $1.58 billion.

Additionally, BigCommerce’s technology will be integrated into eBay’s platform, giving eBay users access to a wider range of products and services.

The acquisition is also seen as a positive for BigCommerce’s shareholders. The company is valued at $2.

5 billion, which is a significant premium over its current market price. This indicates that investors believe that the acquisition is a good deal for both companies.

Overall, the acquisition is seen as a positive for the companies involved and is likely to boost both BigCommerce’s and eBay’s growth rates.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.