Etsy completes sale of Depop to eBay for about USD 1.4 billion - ETSY News | RalliesEtsy completes sale of Depop to eBay for about USD 1.4 billion
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ETSY• Etsy completes Depop sale to eBay
- Etsy completed the previously announced sale of Depop to eBay for about USD 1.4 billion in cash.
- Price reflected a USD 1.2 billion purchase price, USD 200 million of net purchase price adjustments and interest.
- Etsy expects to use proceeds for general corporate purposes, including accelerating its share repurchase program.
