Etsy to Sell Secondhand Marketplace Depop to eBay in $1.2B Deal
In a major move reshaping the global resale market, Etsy has agreed to sell its secondhand fashion platform Depop to eBay for 1.2 billion dollars in cash. The deal marks a turning point for Etsy, which bought Depop in 2021 for about 1.6 billion dollars during a peak in online shopping growth.
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