The $1.6 billion deal is expected to close later this year.
"Depop's world-class management team and employees have done a fantastic job nurturing this community and driving organic, authentic growth in a way that aligns well with Etsy's DNA and mission of keeping commerce human," Etsy CEO Josh Silverman said in a statement, as reported by, noting the platform's "passionate community" and "highly-differentiated offering of unique items.
"We see significant opportunities for shared expertise and growth synergies across what will now be a tremendous 'house of brands' portfolio of individually distinct, and very special, e-commerce brands," he continued.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Etsy is buying Gen Z-focused fashion resale app Depop for $1.62 billionE-commerce firm Etsy is buying second hand goods app Depop for $1.62 billion as part of an effort to reach a younger audience.
Read more »
Etsy to Buy Fashion Resale Marketplace Depop for $1.63 BillionEtsy said it would buy London-based fashion marketplace Depop, which has a community of roughly 30 million registered users across nearly 150 countries.
Read more »
Etsy is buying Gen Z-focused fashion resale app Depop for $1.62 billionE-commerce firm Etsy is buying second hand goods app Depop for $1.62 billion as part of an effort to reach a younger audience.
Read more »
Etsy to Buy Fashion Resale Marketplace Depop for $1.63 BillionEtsy said it would buy London-based fashion marketplace Depop, which has a community of roughly 30 million registered users across nearly 150 countries.
Read more »
29 Fun Things That Are Actually Worth BuyingImpulse buys without the risk of buyer's remorse.
Read more »
Uhhh, These Cute Makeup Bags Are an Organizing Lover's *Dream*Lol true story: I just bought two of these.
Read more »