Amazon Quietly Acquires Australia-Based Shopify Rival Selz

Selz helps enable businesses to build their own online stores.

By Agence France-Presse | Updated: 17 February 2021 10:28 IST

Amazon Quietly Acquires Australia-Based Shopify Rival Selz

Photo Credit: Selz

Selz's operations could help Amazon to fend off challenges from the fast-growing Canadian firm Shopify

Highlights

The terms of the deal were not disclosed
The deal comes with Amazon under scrutiny from antitrust enforcers
Amazon argued that it doesn't play a dominant role in overall retail sale

Amazon has quietly purchased the Australian-based e-commerce platform Selz, which enables businesses to build their own online stores.

The deal, terms of which were not disclosed, was made last month and confirmed by Selz in a blog post. US media reported the acquisition on Tuesday.

Selz's operations could help Amazon to fend off challenges from the fast-growing Canadian-based firm Shopify, which offers a similar service to retailers.

[Sponsored] Samsung Galaxy S24: The Ultimate Camera Phone With Smarter On-Device AI

Martin Rushe, founder and chief executive of Selz, said in the blog that the company had "signed an agreement to be acquired by Amazon and are looking forward to working with them as we continue to build easy-to-use tools for entrepreneurs."

Contacted by AFP, Amazon confirmed the acquisition but declined to comment on any future plans for the platform.

The deal comes with Amazon under heightened scrutiny from antitrust enforcers around the world for its growing role in online shopping.

Amazon to Integrate Pantry Within Fresh Store in Select Indian Cities

The company has argued that it does not play a dominant role in overall retail sales despite its large share of online sales in the US and other markets.

© Thomson Reuters 2021

Can Realme X7 Pro take on OnePlus Nord? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.