M&A Deal Summary

UPS Acquires ShopRunner

On January 22, 2019, UPS acquired internet software and services company ShopRunner from Alibaba Group and Kynetic

Acquisition Highlights
  • This is UPS’s 1st transaction in the Internet Software and Services sector.
  • This is UPS’s 7th transaction in the United States.
  • This is UPS’s 1st transaction in Pennsylvania.
Investment Fate
  • ShopRunner was divested to a consortium of strategic buyers in 2020.

M&A Deal Summary

Date 2019-01-22
Target ShopRunner
Sector Internet Software and Services
Buyer(s) UPS
Sellers(s) Alibaba Group
Kynetic
Deal Type Add-on Acquisition

Target

ShopRunner

King of Prussia, Pennsylvania, United States
ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.

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Buyer(S) 1

Buyer

UPS

Atlanta, Georgia, United States

Category Company
Founded 1907
Sector Transportation
Employees254,360
Revenue 91.1B USD (2024)
DESCRIPTION
Entrance to UPS' headquarters in Atlanta, Georgia.
Entrance to UPS' headquarters in Atlanta, Georgia.

UPS is a provider of logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. UPS was founded in 1907 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 18 of 24
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 17 of 22
State: Pennsylvania M&A 1 of 1
Country: United States M&A 7 of 9
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-03 Nightline Logistics Group

Dublin, Ireland

Nightline Logistics Group is an express delivery and logistics companies in Ireland, that offers parcel delivery, shipping, freight and courier services. Nightline Logistics Group was established in 1992 and is headquartered in Dublin, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 ShopRunner

King of Prussia, Pennsylvania, United States

ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.

Sell -

Seller(S) 2

SELLER

Alibaba Group

Hong Kong, China

Category Company
Founded 1999
Sector E-Commerce
Employees123,711
Revenue 996.3B CNY (2025)
DESCRIPTION

Alibaba Group is a group of Chinese e-commerce businesses including Alibaba.com, Taobao, and Alipay. Alibaba Group was founded in 1999 and is based in Hong Kong, China.


DEAL STATS #
Overall 2 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-27 Focus Media

Shanghai, China

Focus Media is a multi-platform digital media company, operating LCD display network in China. The Company operates in four business segments: LCD, Poster Frame, In-Store and Movie Theaters. Focus Media was founded in 2003 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 NetEase - Kaola

Beijing, China

NetEase, Inc. - Kaola is an Import E-Commerce Platform.

Buy $2.0B
SELLER

Kynetic

King of Prussia, Pennsylvania, United States

Category Company
Founded 2011
Sector Retail
DESCRIPTION

Kynetic consists of three consumer Internet businesses: Fanatics, a online retailer of licensed sports merchandise; Rue La La, a online private sale destination in the U.S.; and ShopRunner, an innovative members-only service that aggregates shopping benefits from the top retailers and brands.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-18 ShopRunner

King of Prussia, Pennsylvania, United States

ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.

Sell -