MercadoLibre backtracks on moving legal home to Texas from Delaware

MercadoLibre

09/06/2025 21:35

SAO PAULO, June 9 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O will no longer have shareholders weigh in on a proposal to move its U.S. operations from Delaware to Texas, it said in a filing on Monday.

The firm, a regional competitor to Amazon, did not give a reason for the decision. It had argued that a move to Texas would be beneficial as state business law gave the company more certainty in decision-making.

 (Reporting by Andre Romani; Editing by Natalia Siniawski)

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