Etsy has agreed to sell its U.K. subsidiary Depop, a mobile-first C2C fashion resale marketplace, to eBay for approximately $1.2 billion in cash. This strategic divestment allows Etsy to concentrate on its core marketplace, including share repurchases and growth investments, while strengthening eBay’s position in recommerce and youth fashion. Regulatory clearances are pending, with the deal expected to close in the second quarter of 2026.
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Etsy Divests Depop to Refocus on Core Marketplace
Etsy has agreed to sell its U.K. subsidiary Depop, a mobile-first C2C fashion resale marketplace, to eBay for approximately $1.2 billion in cash. This strategic divestment allows Etsy to concentrate on its core marketplace, including share repurchases and growth investments, while strengthening eBay’s position in recommerce and youth fashion. Regulatory clearances are pending, with the deal expected to close in the second quarter of 2026.