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Quibi to Explore Potential Sale After Less Than Six Months (Report)

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thewrap.com

WSJ report said Quibi is also considering other options, including another round of funding or going public through a merger with a special purpose acquisition company, or SPAC.In a statement on the WSJ report, a company spokesperson said: “Quibi has successfully launched a new business and pioneered a new form of storytelling and state-of-the-art platform.

Meg and Jeffrey are committed to continuing to build the business in the way that gives the greatest experience for customers, greatest value for shareholders and greatest opportunity for employees.

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