eBay will buy Depop from Etsy for $1.2 billion

The American e-commerce company eBay announced it will acquire Depop from Etsy for 1.2 billion dollars. The deal would merge two of the largest secondhand e-commerce platforms in the world. Etsy is the current owner selling Depop. eBay is the buyer.

E-commerce is retail conducted online. Secondhand platforms are marketplaces where used goods, often clothing, are resold. Depop is one such marketplace, and eBay is another, older online bazaar that also hosts resale. The announcement framed the purchase as a joining of two of the largest services in that trade.

The price is 1.2 billion dollars. The report did not say whether the sum is cash, stock, or a mix. It did not give a closing date. Announced means the companies have said the acquisition will happen, which is short of a completed transfer.

Etsy is the seller of Depop in this transaction. After a sale, Depop would sit with eBay rather than with Etsy. The report did not describe layoffs, brand changes, or fees for sellers. The corporate facts were the buyer, the seller, the asset, and the price.

Secondhand apparel has become a large online market, which is why a merger of major platforms draws notice beyond the firms themselves. This account did not estimate the companies' user counts. It relied on the description that both are among the largest secondhand e-commerce platforms. The 1.2 billion dollar figure measured the deal.

eBay will acquire Depop from Etsy for 1.2 billion dollars. The combination joins two of the largest secondhand online marketplaces. The announcement did not include a closing date. Buyer, seller, and price were the reported terms.