Etsy to acquire global fashion resale marketplace depop

Brooklyn, n.y., june 2, 2021 /prnewswire/ -- etsy, inc. (nasdaq: etsy), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, has signed a definitive agreement to acquire depop, a privately-held, community-led, and purpose-driven marketplace for unique fashion for $1.625 billion consisting primarily of cash, subject to certain adjustments for depop's working capital, transaction expenses, cash and indebtedness, and certain deferred and unvested equity for depop management and employees.
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