With the Depop acquisition, eBay aims to boost its fashion business, attract younger demographics, and capitalize on the booming recommerce market.

The e-commerce platform will acquire the Gen Z-favorite for about $1.2 billion, five years after Etsy bought it.

In order to focus on its core marketplace, Etsy is selling apparel resale site Depop to eBay for $1.2 billion in cash. Etsy acquired Depop nearly five years ago for over $1.6 billion. The deal is ...

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Etsy will sell Depop to eBay for about $1.2 billion, reversing its 2021 acquisition and refocusing on the Etsy marketplace.

The deal comes nearly five years after Etsy purchased Depop for $1.62 billion, at a time when secondhand clothing apps were gaining traction during the pandemic.

Etsy (ETSY) is selling its secondhand clothing platform called Depop to eBay (EBAY) for $1.2 billion U.S. in cash. The deal comes five years after Etsy purchased Depop for $1.62 billion U.S. as the ...

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Etsy, which bought Depop nearly five years ago, said the deal would allow it to focus on its core marketplace business.

Etsy (ETSY) stock shows renewed momentum after strong Q4 results and GMS growth. Read here for a detailed investment analysis.