eBay to buy Depop from Etsy in $1.2bn cash deal | Money News
Online seller eBay has agreed to pay $1.2bn (Β£890m) to purchase second-hand fashion marketplace Depop from Etsy, the companies have announced. The all-cash deal is expected to be completed by the middle of this year – five years after Etsy, an online marketplace, bought Depop for $1.6bn (Β£1.18bn). The acquisition comes as the popularity of…