eBay to buy fellow second-hand marketplace
#eBay #Depop #Etsy #second‑hand fashion #Marketplace #Acquisition #Circular economy #$1.2bn #£890m #Online retail #Sustainability
📌 Key Takeaways
- eBay to pay $1.2bn (£890m) for Depop
- Depop is a second‑hand fashion marketplace
- Ownership transfer from Etsy to eBay
- Strategic move to strengthen eBay’s sustainable fashion offering
📖 Full Retelling
eBay – a leading global online seller – has announced today that it will acquire the second‑hand fashion marketplace Depop from Etsy for $1.2 billion (£890 million). The deal, aimed at bolstering eBay’s presence in the fast‑growing circular fashion sector, sees the platform transition from its current ownership under Etsy to eBay’s corporate umbrella.
🏷️ Themes
E-commerce expansion, Circular economy and sustainability, Corporate acquisitions in retail, Digital marketplace consolidation
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Original Source
Online seller eBay has agreed to pay $1.2bn (£890m) to purchase second-hand fashion marketplace Depop from Etsy, the companies have announced.
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