FedEx completed the acquisition of ShopRunner.

FedEx, an American multinational delivery services company headquartered in Memphis, completed the acquisition of ShopRunner, an e-commerce platform. Financial terms were not disclosed. "In pursuit of our purpose of creating the future of retail, we have built the foundation of a cross-brand ecosystem to create a simple shopping experience for consumers and to aggregate the scale of our network for our partners’ benefit. The unparalleled reach and assets of FedEx will accelerate our existing capabilities and align with our goal of creating new products and services that advance a more open, collaborative e-commerce ecosystem," Sam Yagan, ShopRunner CEO.