Nov 16 (Reuters) - Thrasio Holdings, which acquires third-party sellers on Amazon AMZN.O, is preparing to file for bankruptcy as it grapples with a post-pandemic slump in online spending, the Wall Street Journal reported on Thursday. The aggregator did not immediately respond to a Reuters' request for comment. In 2021, Thrasio said it had raised $1 billion in a funding round led by private equity firm Silver Lake, taking its total funding to $3.4 billion. The company has been working with law firm Kirkland & Ellis to explore restructuring options, the Journal had reported in September. (Reporting by Gursimran Kaur in Bengaluru; Editing by Subhranshu Sahu)((GursimranKaur.Mehar@thomsonreuters.com;))The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: Wall Street Journal November 17, 2023 01:05 UTC